Page 12 - AsianOil Week 11 2021

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State Gas sets new Reid’s

Dome production record

PROJECTS & AUSTRALIAN junior State Gas has set a new Cottee: “The fact that the well has come back
COMPANIES production record at its Reid’s Dome coal-bed to exceed previous rates so quickly and emphat-
methane (CBM) project in Queensland. ically is great news – this suggests the well hasn’t
The company said on March 16 that been damaged by stoppages in production, as is
Nyanda-4 well had produced 620,000 cubic feet so often the case with [CBM] wells. The implica-
of CBM over the previous 24 hours. tion is that Reid’s Dome can supply intermittent
State Gas executive chairman Richard Cottee volumes, enabling it to optimise sales into a vol-
said: “Last week I advised we had ‘cracked the atile market to achieve best pricing.
code’ at Reid’s Dome and these results truly con- In addition to Nyanda-4, the company
firm it.” is also testing the Nyanda-7 and Nyanda-8
He added: “The rates we are seeing from wells, with the former producing 5,000
Nyanda-4 are well above the indicative thresh- cubic feet per day and the later flowing at
old for a commercial well (commonly taken to 31,000 cubic feet per day.
be around 100,000 cubic feet per day), and I am The executive chairman said that while nei-
confident the area will prove commercial.” ther of the wells enjoyed Nyanda-4’s “free gas”,
Reid’s Dome, which is located in petroleum owing to that well’s location on the crest of
lease (PL) 231 in the Bowen Basin, is home to the anticline, he remained upbeat about their
CBM, conventional and tight gas targets. State prospects.
Gas operates the licence with a 100% interest. “Nyanda-8 is flowing at one third of the
While State Gas conducted two production indicative commercial threshold of 100,000
tests at Nyanda-4 last year, both were interrupted cubic feet/day. I have no doubt both these wells
by pump breakdowns after six and nine weeks will produce at the levels we want to see,” Cottee
respectively. said.™

Talon hypes WA gas play potential

PROJECTS & AUSTRALIAN junior Talon Petroleum has
COMPANIES announced that it may be sitting on the Perth
Basin’s largest untested wet gas structure. Talon
said on March 17 that its onshore Condor prospect
holds an estimated 710bn cubic feet (20.11bn cubic
metres) of prospective recoverable gas resources.
The developer added that Condor, which
is located within EP494 and SPA-0081, held
slightly more than 20mn barrels of best estimate
condensate resources. It said: “If the high levels
of condensate can be proven at Condor there is Commenting on the Condor estimates, Talon
potential to yield significant additional value, managing director David Casey said: “Talon
given the recent strengthening in oil price.” now has access to another conventional gas play
Talon announced in January that it would that could, if matured by our planned work pro-
acquire Condor, then known as Muchea, from grammes, deliver up to 10 times the resources we
Macallum for AUD90,000 ($69,000) 54mn of its are targeting with appraisal drilling at Walyering.
shares. Additionally, there is potential for the gas com-
Talon said Condor provided the company position to contain an even higher, value-adding
with an important follow-on drilling oppor- component of condensate than is projected for
tunity in the event of success at the planned Walyering.”
maiden Perth Basin well Walyering-5, which will Talon drew up its prospective resources esti-
appraise the Walyering wet gas discovery. mates on an unrisked “probabilistic basis”. The
The junior entered the Perth Basin last company said that additional seismic would be
year when it acquired a 45% interest in needed before the structure can be confirmed
Walyering, which lies in EP497, from oper- and matured to drillable status, leaving it to
ator Strike Energy. Strike will drill Walyer- assign a conservative 15% chance of exploration
ing-5 later this year. success to the play.™

P12 www. NEWSBASE .com Week 11 18•March•2021