Underground coal gasification company Linc Energy announced the discovery of a “significant” oil shale deposit in South AUstralia’s Arckaringa Basin. The deposit is approximately 124m (406 feet) thick at a depth of more than 854m (2,801 feet) and covers an area of approximately 1,150 km 2 or 284,000 acres.
The most prospective black shale/siltstone within the deposit is around 70m (229 feet) thick and between 899-970m deep, with preliminary analysis indicating potential oil yields of 25–45 liters per tonne.
At around 100 meters thick, an oil shale deposit of more than 200 billion tones may be present.—Linc Energy CEO Peter Bond
Shale oil (or kerogen oil) is an unconventional oil produced from oil shale. Such a deposit as found by Linc would be processed underground (in situ processing).