Arrow Energy coal seam gas reserves more than double
Posted by Big Gav in arrow energy, australia, coal seam gas
The Australian has a report on further increases in coal seam gas reserves in Australia - Arrow Energy gas reserves more than double.
ARROW Energy's chief executive expects the company to continue to deliver reserve upgrades and said it has the capability to supply both the Fishermans Landing and Curtis Island liquefied natural gas plants in Queensland.
The Sydney-based group said it has more than doubled its proven and probable reserves, or 2P, gas reserves to 2,581 petajoules. "This is a huge reserves increase but there is much more to come - we have barely scratched the surface and we have much more to do," chief executive Nick Davies said.
Arrow's current 2P reserves are about a quarter of the size of those of Woodside Petroleum's, Mr Davies said, and these reserves have come from only one 10th of Arrow's coal seam methane land. ... Arrow said today the 2,581 2P petajoules of coal seam gas at June 30, was up 119 per cent from 1,177 PJ at December 31. The company's net proven, probable and possible reserves now stand at 5,412 PJ, Arrow said.
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