The discovery of the first commercial oil field on the Continent of Australia has caused a reappraisal of the petroleum prospecting potential of all its sedimentary basins. The Moonie discovery marks the beginning of an oil-producing industry and has caused many preconceived ideas to be discarded. Geologically, Moonie is most significant for its contribution to the understanding of the structural and sedimentary history of the Surat Basin as related to the accumulation of petroleum.

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