BPH Energy Limited (ASX:BPH) Sydney Basin Gas Features Confirmed
ASX:BPH) highlights the following information provided by its investee company , Advent Energy Ltd.
Advent Energy has further reviewed research reports by the Australian Government Agency Geoscience Australia ( 1). The report extracts below are rom the NSW Continental Slope Survey Post Voyage report ( 2). The report confirmed natural gas features in the Offshore Sydney Basin and identified a series of large pockmarks.
- It is significant that the sediment directly above the largest fault is disturbed and distinctive circular depressions occur in the sea floor. These depressions are likely to be caused by methane gas and fluid from the Permian coal measures escaping along the fault plane.