Moura – Bowen Basin, Queensland, Australia
Gas reserves (WestSide share) - 135 PJ (3P)
Ownership
WestSide: 50%
QGC - A BG Group business: 50%
About the project
The five-well Paranui CSG pilot is located 10km south of Moura and just 5km to the west of the producing Dawson Valley gas fields.
In this part of the tenement the target Baralaba Coal Measures lie at a depth of between 550m and 950m and generally contain 21–25m of gas-bearing coal in up to 14 seams.
Pilot production testing is underway with initial certification of 135 PJ of 3P gas reserves achieved in June 2009. It is estimated that the remainder of the ATP769P tenement could contain up to a further 360 bcf (WestSide share) of gas in place to a depth of 1,000m.
WestSide and joint venture partner QGC will drill a new core well to the west of the Paranui pilot to assess the gas resource at depths greater than the 1,000m depth currently addressed by the pilot.
Data collected from the appraisal, observation and core wells will be assessed to form the basis for a Petroleum Lease application in 2009.
Paranui (ATP 769P) 2009 program - at a glance
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· Total cost: $10 million
WestSide share: $5 million – funded from existing cash reserves
· New core wells: 2
· Seismic acquisition: 10km
· Reserves acquisition
· Reserves certification: Targeted for June
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· Stimulate Paranui #4 (observation well) and complete as appraisal well
· Stimulate Paranui #5 in upper seams (currently stimulated in lower seams only)
· Drill, stimulate and complete 3 new appraisal wells
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