Rodinia touts South Australia's shale oil "potential"
2013-01-30 09:33 ET - News Release
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Mr. Paul Bennett reports
RODINIA OIL CORP. COMMENTS ON RESOURCE POTENTIAL OF ITS HOLDINGS IN AUSTRALIA
Rodinia Oil Corp. draws attention to a recent announcement regarding exploration acreage located to the east of Rodinia's holdings in South Australia.
On January 23, 2013, Linc Energy Ltd. ("Linc") (ASX: LNC) (OTCQX: LNCGY) issued an announcement regarding the results of two independent reports confirming "the significant potential for shale oil" on its exploration acreage in South Australia, where it holds licences and applications covering approximately 16 million acres. This announcement may be accessed on Linc's website.
Linc's acreage in South Australia lies approximately 40 kilometres to the east of the acreage held by Rodinia. In total, Rodinia owns an 85% net working interest in approximately 23 million exploration acres, consisting of PEL 81, PEL 253, PELA 303, PELA 445, PELA 351 (all in South Australia) and EPA 14/08-9, EPA 15/08-9, EPA 3/09-0 and EPA 4/09-0 (all in Western Australia). Rodinia has also acquired and processed approximately 4,045 kilometres of new seismic data, reprocessed 1,363 kilometres of existing seismic data and subsequently interpreted a total of 6,153 kilometres of seismic data, all in PEL 253 and PEL 81.
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