Blue Energy
Blue Energy (ASX: BUL) holds eight operated coal seam gas petroleum permits in the Bowen, Galilee and Surat basins in Queensland. It is also awaiting final award of four conventional permits within the Queensland portion of the Eromanga Basin.
Blue Energy to establish water and gas flow rates at Monslatt pilot wells
Tuesday, February 15, 2011
Coal seam gas company Blue Energy (ASX: BUL) has recommenced completion and testing activities on the Monslatt 4, 5P and 7 pilot wells in order to verify reserves from the current contingent resource base at Monslatt.
Production testing will establish water and gas flow rates in each of these wells over the coming weeks. Results will be verified by Netherland Sewell and Associates (NSAI).
Ahead of Tropical Cyclone Yasi, field operations were temporarily suspended, but Monslatt 7 has now commenced pumping activity to de-water the P Seam coal.
In Monslatt 5P, a series of short radius lateral wells have been drilled into the P Seam. A downhole pump and surface equipment have now been installed, and initial pumping operations to de-water the coals have now commenced.
Completion work on Monslatt 4 has now been finalised and has isolated the P Seam with a pressure gauge to investigate possible reservoir connection with the Monslatt 7 pilot well.
Also, the completion on Monslatt 4 includes an untested Goonyella coal seam which has been isolated from the P seam and completed for production testing. Surface equipment is being installed at Monslatt 4 at this time.
The Monslatt Block of ATP814P currently has 1,295 petajoules (PJ) of recoverable 3C contingent resource (as independently identified by NSAI).
The block also has a shale gas prospective resource of 3,630PJ of gas in place (also as independently identified by NSAI), and is located in close proximity to significant coal mine infrastructure with large energy consumption potential.
No investment advice
The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.
You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.
From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.
