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gas assets in Louisiana recently called at 550 metres. Logs have been
EAST ASIA Total depth of the Nomgon-2 well was
Ice-Breaking LNG Carrier through Castleton run and measured 91 metres of net coal in
the well. The main “100 series” coal seam was
makes first call at Japan In connection with the acquisition of measured as having 51 net metres of coal. The
measurements are vertical intersections along
additional oil and gas assets in the U.S. of
Mitsui O.S.K. Lines (MOL) today announced Louisiana, Tokyo Gas has decided that Tokyo hole, on the southern limb of the Nomgon
that the Ice-Breaking LNG Carrier “Vladimir Gas America, a wholly owned subsidiary syncline.
Rusanov”, which is jointly owned and of Tokyo Gas, will take majority interest in Gas content from numerous cores taken
operated by MOL and China COSCO Castleton Resources, an upstream oil and gas from the well is currently being measured
Shipping Corporation Limited for the Yamal company in the US. in an on-site laboratory. Preliminary results
LNG project, made its first call at the LNG Castleton Resources will fund the closing to date are consistent with the Nomgon-1
Terminal in Ohgishima, located inside Tokyo of the transaction with additional equity well (announced on 26 February 2020 as
Bay in Japan, on 23rd July. This is historically capital from Tokyo Gas America. After Mongolia’s first coal seam gas discovery). The
the first time an Ice-Breaking LNG Carrier such funding, Tokyo Gas America will “raw” gas content numbers will be announced
has called at Japan. increase its ownership interest in CR from in the weeks to come. The final “dry ash free”
The vessel started sailing from the Yamal 46% to approximately 70%. This will be our (DAF) figures, and the results of adsorption
LNG plant at Sabetta port on 29thJune,and company’s first acquisition of an operator in analysis, will follow thereafter, as the current
transported its LNG cargo to Japan by sailing the shale gas business in the U.S. logistics of cross border laboratory tests allow.
eastwards along the Northern Sea Route via The transaction is scheduled to be Down-hole permeability testing has been
the Kara Sea, the Laptev Sea, the East Bering completed on August 14, 2020. Castleton undertaken using an “injectivity fall off test”
Sea, the Chukchi sea, and the Bering Strait. Resources will change its name to “TG (IFOT) process (as was used at Nomgon-1).
Although the ice in the Northern Sea Route Natural Resources LLC” by late March 2021. Six separate tests have been successfully run
generally melts in the period from the end As a result of this acquisition, the so far, with a combination of the Company’s
of June to the beginning of July, during the production volume of gas and natural Mongolian sub-contractors, on-site expat
time the vessel was navigating this region gas liquid* held by CR will increase by supervision and on-line oversight from
some ice remained, particularly in the East approximately 1.6 times from approximately Australia delivering a highly effective process.
Bering Sea. The vessel either avoided sailing 296 million cubic feet per day (8 million m3/ Results from these will also be announced in
through or conducted ice-breaking navigation day, gas equivalent) to 473 million cubic feet the weeks to come.
in areas where ice remained, which resulted per day (13 million m3/day, gas equivalent). The next phase of the Company’s appraisal
in approximately 7 days (15 knots average The impact of this transaction on consolidated program in the Nomgon sub-basin will
navigation speed) navigation through the results for the fiscal year is expected to be comprise the drilling of further step-out
Northern Sea Route from Sabetta port to the minor. appraisal wells. The first well will test the
Bering strait. TOKYO GAS, July 29, 2020 northern limb of the Nomgon syncline. These
MOL, July 27, 2020 wells will be low cost stratigraphic wells
with various objectives and with a range of
Tokyo Gas acquires oil and Elixir provides update on risk profiles. The results from these will be
Mongolian appraisal well progressively reported in the following weeks
and months.

P20 www. NEWSBASE .com Week 30 30•July•2020