As the Co just announced that the Venus Project test results so far shows positive signs that the gas and pressure flow rates are increasing.
Accordingly, as the Co previously announced that:
The results of the flow test to date and current gas pressure build-up suggests a successful, more robust enhancement at Venus-1 could substantially decrease the time to achieve commercial gas flows. A second
stage, more robust, enhancement is currently under consideration for implementation at the Venus Pilot well in the coming weeks.
Proving commercial gas flows at Venus-1 could convert the recently certified 130 PJ of 2C gas resource to 2P gas reserves. Certifying 130 PJ’s of gas reserves is sufficient to underpin a sizeable gas sales contract to justify development of the Venus CSG field and connection to the nearby gas pipeline infrastructure.
Seems IMO, that we are heading in the right direction with the Venus Project achieving much earlier time wise commercial gas flows and a early potential income revenue stream.
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- Ann: Venus-1 Pilot Well Records Early Gas Breakout
Ann: Venus-1 Pilot Well Records Early Gas Breakout, page-16
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