Map linkMassive, underexplored land position
AHAVA has exclusive access to over 32.8 million acres (over 133,000 km2) of underexplored lands within the Officer Basin. 8.3 million acres (over 33,600 km2) of these lands are under Production Exploration Licenses (PELs) and another 24.5 million acres (over 99,400 km2) are under Production Exploration License Applications (PELAs). AHAVA's total acreage represents approximately 20% of the land mass of the province of Alberta or the state of Texas. The Officer Basin has seen virtually no oil and gas exploration activity until recent years.
Significant exploration potential
The Primary Industries and Resources of South Australia describes the Officer Basin as representing "one of the last remaining onshore frontier exploration areas where large petroleum discoveries may still be made. It has close geological affinities with the productive Amadeus Basin in the Northern Territory of Australia, and with basins in the former USSR and Oman, both of which host giant oil and gas fields and have proven oil reserves in the order of billions of barrels." Numerous oil shows are known in the Officer Basin from mineral and stratigraphic drill holes, although there has been little on structure drilling for petroleum targets. Excellent reservoir quality and source are proven. Evaporites and salt tectonics are evident and may provide viable trapping and preservation mechanisms."