|JV Participant||ASXCode||Percentage Interest|
|RCMA Australia (Operator)||93.722%|
|Norwest Energy NL||ASX:NWE||6.278%|
|Total Area: 39.8km²|
Production Licence L14 is situated in the northern Perth Basin, 360km north of Perth. The permit is located approximately 20km south-south east of the township of Dongara, west of the Brand Highway. The permit covers an area of 9835 acres. L14 was originally part of the Norwest operated EP413 permit, however when the Jingemia discovery was made, the Production Licence L14 was carved out.
Jingemia is located in the north-eastern corner of L14. The field produces light oil from an excellent quality Dongara Sandstone reservoir. The basal Kockatea Shale forms the top seal, with the primary source being the Hovea Member of the Kockatea Shale. The Jingemia field and most of the L14 permit is covered by the 3D Denison seismic survey. The field has a surface facility, oil storage, separators, extensive piping and water injection facilities.
RCMA Australia assumed operatorship of L14 on 11 May 2018, with Cyclone Energy and Norwest Energy making up the JV. Production commenced late 2003 and to date 4.6 million barrels have been produced of the 12 million barrels in place.
The Jingemia Oil Field recommenced production in December 2017 when the J8 well was brought online, and the first tanker of oil was subsequently dispatched to BP Kwinana in December 2017. In July 2018, at the conclusion of a successful workover program, J4 recommenced production. Workovers are currently planned for wells J10 and J12, with the expectation that these two wells will be back in production by the end of the year. Once these four wells are successfully producing, the Joint Venture will start to look at production enhancement opportunities throughout the field, including a detailed evaluation of known prospects located within the permit boundary.
Figure 1. L14 Location Map
Figure 2. Jingemia Production Facility (Satellite Image)
About Cyclone Energy Pty Ltd
Cyclone Energy Pty Ltd is a Western Australian company formed in 2014, with the specific aim of acquiring and re-starting production from the shut-in Jingemia Oil Field. The company’s Directors and Senior Management team have extensive experience in managing oilfields in the northern Perth Basin and in many other locations in Australia and overseas. Members of the Cyclone Energy senior management team have previously worked at Jingemia and have a thorough technical knowledge of both the Jingemia Oil facility and the field’s future production potential.
About RCMA Australia
RCMA Australia is a member of Singapore-based RCMA Group. For further information please visit their website at www.rcma.com.