Essential Petroleum Resources (EPR)

Shares / Stock Code

EPR

Stock Exchange / Sharemarket

Australian Securities Exchange

Essential Petroleum Resources (EPR) is a Victoria-based petroleum exploration company. Its operations are in the Otway basin and it holds interests in five onshore and two offshore tenements within the basin. EPR was formed in 1999 and listed on the ASX in February 2001. Its head office is situated in Melbourne.

The Company’s Otway Basin onshore activities are aimed at making commercial oil and gas discoveries to help fund the opportunities offshore. There are three main points in the Company’s focus on the offshore Otway Basin where the Company holds a 25% interest in VIC/P46 and a 100% interest in VIC/P50. On September 1, 2008, the Company’s wholly owned subsidiary, Essential Petroleum Exploration Pty Limited commenced testing of the East Wing-1 ST well within PEP168.

EPR is independent oil and gas explorer with an exclusive focus on the Otway basin. It has one of the largest portfolio of acreage in the prospective area with new model projects, which include medium-sized onshore oil prospects and potentially giant offshore oil plays.

The majority of oil is sold into global 'spot' markets. Essential Petroleum Resources competes with oil and gas exploration and production companies for exploration acreage, such as Woodside Petroleum, Roc Oil and international oil majors.

Essential Petroleum Resources (EPR) Products and Services

  • Oil and gas exploration

Essential Petroleum Resources (EPR) Locations and Subsidiaries

Essential Petroleum Resources Head Office
Level 2, 226 Albert Road,
SOUTH MELBOURNE, VIC 3205
Phone: 03 9699 3009
Fax: 03 9699 3110

Essential Petroleum Resources (EPR) Share Price

Submitted by ASX Listed Company on 21 March, 2010 - 00:39

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