MNE is an early-stage oil and gas exploration company focused on the assessment and future development of its two 100% owned exploration permits, being EP494 and EP 511, located in the onshore Northern Perth Basin in Western Australia.

An Independant Technical Expert has classified the potential Kingia Sandstone and Dongara Sandstone gas resources in the BTD prospect as Prospective Resources, Prospect sub-class and the Jurassic-age gas resources in the Yarra, Gadee and Condor leads as Prospective Resources, Lead sub-class

‍Barberton Terrace Deep (BTD): Kingia and Dongara Formation
‍
2D seismic surveys conducted by MNE defined the broader Barberton Terrace Deep structure and identified a ready to drill exploration target at the prospect being BTD-1.

The location for exploration well BTD-1 has been selected, and is drill ready subject to permitting and funding.

‍Yarra and Gadee: Jurassic leads with potential seismic flat-spots
‍
Through the historic 2D seismic, MNE identified the Jurassic Yarra and Gadee leads at EP-494.

MNE intends to undertake a 3D seismic survey at the Yarra and Gadee Jurassic leads to provide the Company with critical data that can prove the presence of direct hydrocarbon indicators (DHIs) (flat spots) and structural traps at the Yarra and Gadee leads.

‍Condor: Structural lead
‍
MNE identified an additional structural lead, at Condor, following a technical evaluation covering EP 511 and EP 494.

The lead was recognised by previous operator Talon Energy before it was handed back to MNE after the takeover from Strike Energy.

The proposed 2D seismic program by MNE will aim to better define the Condor Lead structure.