Raya Prospect

  • The combined structural & stratigraphic trap sealed by the Zorritos Unconformity covers 46 km2. Shallow water target ~80m water depth.
  • Sealing Cardalitos shales above the Zorritos Unconformity and intra-formational shale seals within the Zorritos.
  • There are several potential reservoirs that could be sealed by the unconformity with potential for stacked pay.
  • The red/yellow response seen on the “LithoSeis” illustrates depositional geometries within the Zorritos suggesting the presence of high-porosity sediments and potential hydrocarbon fill.
  • The red/green response on “AVO-Type”, is a Class 2 or Class 3 response, and may be indicative of a hydrocarbon filled reservoir.
  • Favourably located to capture hydrocarbon charge from underlying mature Heath Formation source rocks.
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Statistically Aggregated Unrisked Prospective Resource Estimates for Raya prospect area – NSAI April 2025
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“LithoSeis” Volume at Raya
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“AVO-Type” volume at Raya

“See company announcement dated 9th of April 2025. Cautionary Statement: Prospective Resources are the estimated quantities of petroleum that may potentially be recovered by the application of a future development project related to undiscovered accumulations. These estimates have both an associated risk of discovery and a risk of development. Further exploration, appraisal and evaluation are required to determine the existence of a significant quantity of potentially recoverable hydrocarbons.

The Company confirms that it is not aware of any new information or data that materially affects the information included in this webpage and that all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed.”