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During the ATP 2030 term, ADZQ completed the authorised activities below. No on ground activities were completed.
Compilation of the public domain geological and geophysical data and associated review of ATP 2030 and surrounding permits held by the Company.
Engaged consultancy firm SRK Consulting (Australasia) Pty Ltd (SRK) in Year 1 to undertake a risking and data compilation exercise designed to report Prospective Oil and Gas Resources held by the Company within its Surat-Bowen acreage comprising various permits.
A prospect and project ranking exercise across all ADZQ ATP acreage held in Queensland. The results and interpretations of the Year 1 activities were used as the basis of evaluating ATP 2030 against the wider Queensland exploration portfolio.

The results of the activities can be summarised as follows:

The SRK study indicated the presence of a number of prospects and leads with associated risking. Prospects were mapped and reservoir, charge, structure and seal were assessed and risked to derive Original Gas in Place. Recoveries were then applied including risking and minimum economic pool size.

A more recent prospect and project ranking exercise in 2024 reviewed the results from the SRK study and concluded that the prospect pool size were not economically viable to develop, let alone to explore for and further appraise.