Transform Exploration

Transform Exploration Pty Ltd (Transform) owns the Southeast Papua Production Sharing Contract located in eastern Papua on the border with PNG.  The block lies on the western flank of the proven Papuan basin, updip from several significant gas-condensate and oil discoveries, and contains the shallow Raksasa Lead, a very large basement feature >400 km² in area, which is capable of hosting 100-300mmbbls recoverable oil or >1Tcf+ of recoverable gas.  The block is bordered by the navigable Digul and Fly rivers, which provide an easy export route for any discovered hydrocarbons.