Page 14 - AsianOil Week 41

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NEWS IN BRIEF
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used and the option to drill a third core-hole remains.
Elixir’s managing director, Neil Young, said: “The commencement of our foreshadowed 2019 driling campaign is a key step for Elixir’s exploration program over our very large 100% owned Nomgon IX CBM PSC. The addition of a chip-hole drilling component to the program is a highly cost-effective way of gathering more geological information side by side with the core-holes.”
The chip holes will not be used to gain valuable data about the general geology and confirm coal continuity, but also support and substantiate the recently acquired 2D seismic program and derisk locations for next year’s drilling program.
ELIXIR ENERGY, October 11, 2019
OCEANIA
Central Petroleum announces drilling plans
Central Petroleum Limited has over the past six months undertaken a comprehensive updated analysis of its exploration portfolio, using its recently augmented internal exploration capabilities and independent external verification. This strategic portfolio review is now complete, defining a CY2020 exploration programme that will reinvigorate exploration in Central’s Amadeus Basin permits. Successful exploration results will drive the Company’s growth beyond 2020.
Exciting CY2020 exploration programme that consists of five high-graded drillable prospects and two appraisal tests in Central’s Amadeus Basin tenements in the Northern Territory (NT). The estimated mean prospective resources contained within the prospects (net
to Central) are 505 petajoules of gas and 29mn barrels of oil. In addition, the programme will provide a potential pathway to converting 2C contingent resources of 54 PJ (Central share) to reserves with a targeted Mereenie Stairway appraisal program.
The CY2020 exploration targets reflect a range of low to moderate-risk opportunities which have been prioritised based on compelling investment justifications, including rapid commercialisation, attractive brownfield economics, proximity to existing infrastructure, and drill-ready in CY2020. The CY2020 exploration program is estimated to have a total cost of $51 million. Central will seek farminees for a minority interest in these exploration targets and possibly in the associated operating assets (Mereenie, Palm Valley, Dingo and Surprise) in order to fully fund the CY2020 exploration programme. A longer-term play-
based portfolio analysis is underway to identify and prioritise less-mature, but potentially company changing, exploration targets from Central’s 180,000km2 of underexplored and producing basins in the NT and Qld; and
A forward plan for completion of the suspended Dukas-1 exploration well is currently being formulated by Central and its joint venture partner and will be communicated to the market when finalised. The CY2020 exploration programme will be presented in more detail next week.
CENTRAL PETROLEUM, October 11, 2019
Equinor wins exploration permit offshore WA
Equinor has been awarded exploration acreage in the Northern Carnarvon Basin offshore Western Australia. The new exploration permit, WA-542-P, has been awarded to Equinor as operator and 100% owner.
WA-542-P is located west of the recent Dorado oil discovery. The block covers 4815 square kilometres and lies about 100 kilometers from the Australian coast. The water depth ranges from 80 to 350 meters.
The work program for the block includes geological and geophysical studies, reprocessing of seismic data and new 3D seismic acquisition.
Equinor established an office in Australia in 2012, and is the operator for EPP39 and EPP40 in the Ceduna Basin offshore South Australia. EQUINOR, October 10, 2019
Origin spuds Kyalla appraisal well
Falcon Oil & Gas is pleased to announce the spudding of the Kyalla 117 N2-1 appraisal well in the Beetaloo Sub-Basin, Australia.
Kyalla 117 N2-1 is the first well in the Stage 2 drilling programme to target the Kyalla shale liquids rich gas play. Located within Exploration Permit 117 approx. 32 kilometres north of the Beetaloo W-1 well.
A vertical pilot hole will target a total vertical depth of approximately 1,750 metres into the Kyalla Formation.A subsequent horizontal section is planned for approximately 1,000 metres that will be drilled, completed, stimulated and production tested in the prospective Kyalla shale reservoir interval.
Origin Energy, as operator, will drill the Kyalla 117 N2-1 well.
Origin hold a participating interest
of 70% and Falcon Oil & Gas Australia Limited hold the other 30% participating interest over the Beetaloo Exploration Permits, 76, 98 and 117.
The principal objectives for the drilling of the Kyalla 117 N2-1 well are to: penetrate the Kyalla Formation to assess hydrocarbon maturity, saturation and reservoir quality; provide further information on the areal distribution of the Kyalla Formation; collect data for subsequent horizontal drilling, completion, stimulation
and production testing; including ability to flow liquids rich gas.
FALCON OIL & GAS, October 19, 2019
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Week 41 16•October•2019