Geoscience Australia estimates Australia has a total resource of around 23 billion barrels of high-quality oil shale, found mainly in Queensland. This is a known resource that does not depend on future exploration success.
QER’s resource base of almost 16 billion barrels of oil in situ, occurs in shales found in a series of basins (Grabens) extending from south of Gladstone, to north of Mackay in Queensland. (see map).
QER’s tenements are
- Stuart (site of the New Fuels Development Centre)
- Nagoorin South
QER also has interests in the Nagoorin, Rundle and Lowmead deposits