PPL 435

The  permit  area  covers  5,346  kms2  and  has  a  term  of  6  years.    Wondecla  Limited  has  entered  into  a Farmin Agreement with Kina Petroleum Limited to earn a 50% interest by contributing a 50% share of  the application costs and permit fees to earn its interest. The application for PPL  435 has been processed with the licence granted to Kina Petroleum Limited, and Kina Petroleum Limited  has accepted the grant.

PPL 435 is 45km and south west and up dip from PRL 21 which is host to the Elevala and Ketu gas fields.  The  primary  reservoir  for  the  Elevala  and  Ketu  Fields  is  basal  Cretaceous  sandstone,  the  Elevala Sandstone. Lake Murray 1 confirms gas has migrated as far as PPL 435.