org has just released news in which AWE has a 30% stake...
Origin Energy Resources Ltd (“Origin”) as Operator of the BassGas Joint Venture advises that production of sales gas has returned to normal operating levels, together with
production of associated LPG and condensate.
Production had been reduced to one-third of normal pperating levels when the Yolla 4 well was shut in following the automatic hydraulic closure of a sub-surface safety valve in November 2008. The well has since returned to service following the completion of remedial work, with both the Yolla 3 and Yolla 4 wells now available to support
production at the BassGas facility.
Project participants are:
Origin Energy Resources Limited (1) 37.5% (Operator)
Origin Energy Northwest Limited (1) 5.0%
AWE Petroleum Pty Ltd (2) 30.0%
ARC (BassGas) Pty Ltd (2) 12.5%
CalEnergy Gas (Australia) Limited 15.0%
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