Pilot boosts WA gas resource by 250 per cent
The pilot also has the prospects of Harrier and Hawk Gas immediately south of Leander, who provide him with further exploration objectives nearby.
The company has the additional luxury of three promising oil targets that are located in the south -East of Leander on the structural trend near the oil field of the cliff and the discovery of Xanadu oil, which met hydrocarbons when they were perforated in 2017.
The combined objectives of Babbler, Brahminy and Cliff Head SW contain prospective oil resources for a total of an estimated and recoverable 66 million barrels is estimated.
The permit area also contains the contingent resource of oil (2C) of 6m barili dunsborough and the 42b 42b cubic gas feet.
The pilot believes that the expanded resource will probably increase the interest from third parties significantly when the company begins the agricultural process. It plans to direct potential partners to help finance its next 3D Eureka seismic survey and future perforation programs.
The recently reviewed mapping of the 2D seismic data set portrayed led to a structure remished to Leander, indicating a four -way or crystal dive trap, with an increase in the closing height, a thickness and a higher level of confidence.
Access to open files allowed the pilot to conduct a volume analysis on its objectives following a wide review of the Pozzi di Gas onshore, including Waitsia and Lockyer.
The analysis supported the company’s work theory that there are three sandstone tanks.
The company believes that the formation of stacked sandstone has significantly improved the potential of the tank to trap and preserve hydrocarbons, increasing possible target volumes.
The potential resource of the pilot gas could allow the company to bring some precious dollars to the door from the financing partners, reducing its future exploration costs and helping it to retain money for other promising projects.
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