Resource Wrap: 17 December 2009 – BOW, MOG
December 17, 2009
Bow Energy Limited (BOW) increased its FY10 3P coal seam gas (“CSG”) reserves target to 2,750 petajoules (PJ), up 45% from the previous target of 1,900PJ. The company said following the 2009 drilling success in the Blackwater CSG Field and recent successful capital raisings it is scheduling up to 52 exploration, appraisal and production wells during 2010 over seven CSG projects in the Bowen and Surat Basins in Queensland. Bow said the proposed 2010 drilling program is a four‐fold increase on the company’s 2009 CSG reserves drilling program. The company said it is still targeting end of year 2010 2P reserves of 450 PJ.
Moby Oil & Gas Limited (MOG) confirmed its participation in two wells in the Browse Basin offshore from the Kimberley coast and one in the Carnarvon Basin, near the North West Shelf, Pluto and Wheatstone Fields. The company said the confirmation followed shareholder approval and successful completion of a capital raising. Moby said it has a 22.375% interest in Cornea-3 in WA-342-P and a 26.4375% interest in the Braveheart-1 well, which are both in the Browse Basin. The company also has a 15% interest in WA-360-P, which contains the large Artemis prospect identified by the permit operator, MEO Australia Limited.
Moby Oil & Gas Limited (MOG) confirmed its participation in two wells in the Browse Basin offshore from the Kimberley coast and one in the Carnarvon Basin, near the North West Shelf, Pluto and Wheatstone Fields. The company said the confirmation followed shareholder approval and successful completion of a capital raising. Moby said it has a 22.375% interest in Cornea-3 in WA-342-P and a 26.4375% interest in the Braveheart-1 well, which are both in the Browse Basin. The company also has a 15% interest in WA-360-P, which contains the large Artemis prospect identified by the permit operator, MEO Australia Limited.
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