Folks, some interesting and relevant news - just announced (30/05), NuEnergy Gas and Pertamina jv discovery of gas in Southern Sumatra, NW of Quest Petroleum's block. As soon as we get an announcement of drill rig acquisition and drilling commencement, Quest Petroleum looks well placed to score it big.
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NuEnergy Gas confirms coal seam gas potential in South Sumatra block
Wednesday, May 30, 2012 by Bevis Yeo
Proactive Investors
NuEnergy Gas (ASX: NGY) has drilled 2 successful coal seam gas wells in the Muara Enim production sharing contract in South Sumatra and has completed one of them as a future pilot well.
The gas content and quality from the wells is consistent with the company’s understanding of the South Sumatra coal basin and better than previous estimates made by reserves experts.
NuEnergy believes that gas-in-place at Muara Enim are about 7.25 billion cubic feet per square kilometres, which given its 652.6 square kilometre area, works out to a total in-place gas resource net to itself of 1.89 trillion cubic feet of gas.
NuEnergy has also completed Well-2 in Muara Enim as future pilot production well that will test permeability, water and gas productivity from the Suban coal seam.
Well site observations suggest that the coals of 43 metres net thickness intersected in Well 2 are broadly similar to those proved in Well-1 in terms of quality and total thickness.
NuEnergy will next seek to prove the permeability and productivity of the Suban and Mangus coal seams in both Muara Enim and Muara Enim II, where the total net coal seams are up to 88 metres thick.
A pilot production project is also underway in Muara Enim with a view to generating first water and gas production for small scale power generation by the end of the December 2012 quarter.
NuEnergy holds a 40% interest and is operator of the Muara Enim PSC.
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