BOW ENERGY PTY LTD 
By Bow Energy Limited (ASX:BOW, “Bow”) has obtained further 2P certified reserves in the Blackwater CSG Field (ATP 1025P) increasing Bow’s total certified reserves to 238 PJ of 2P and 2,752 PJ of 3P reserves.
As previously announced Bow has reached an agreement to share exploration and production data with a number of CSG companies operating in the Bowen Basin. This has allowed data on adjacent Exploration Permits and Petroleum Leases to be extrapolated across permit and or lease boundaries. Based on the data from pilot production wells adjacent to Bow’s Blackwater CSG field, along with Bow’s previous core hole data, MHA Petroleum Consultants, Inc (MHA) have certified within the Rangal coal measures of Bow’s Blackwater field (ATP 1025P) a further 89 PJ of 2P and 13 PJ of 3P. Several pilot production programs are in progress at Blackwater with 10 wells in various stages of dewatering. The aim of these programs is to test different well design and completion techniques to determine the optimal commercial production methods. Bow’s updated reserves/resources are as follows:Project (all 100% unless stated otherwise) | Current Certified Reserves/Resources | Current Funding to Deliver Reserve Targets | |||||||||||||||||||||||||||||
Project (all 100% unless stated otherwise) | Contingent Resources (PJ net to Bow) | 3P Reserves (PJ net to Bow) | 2P Reserves (PJ net to Bow) | 3P Reserves (PJ net to Bow) | 2P Reserves (PJ net to Bow) | ||||||||||||||||||||||||||
Blackwater and Comet CSG Fields (ATP1025P) | 605 | 2,480 | 148 | 2,467 | 535 | ||||||||||||||||||||||||||
Norwich Park Tenement (ATP1031P) – includes Vermont CSG Field and Dysart Prospect | 1,916 | 163 | 35 | 3,000 | 660 | ||||||||||||||||||||||||||
Gunyah Project (ATP 1053) | Share
© Publicnow - 2011
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