From http://www.upstreamonline.com/live/article199341.ece
Nexus tots up Longtom reserves
By Upstream staff
Australian outfit Nexus Energy said its proved reserves for the Longtom field have increased 63% to 282 petajoules of gas and 2.8 million barrels of condensate after results from the Longtom-4 and Garfish wells.
Both wells were drilled on the VIC/L29 production licence in the Gippsland Basin offshore Victoria.
The results were audited by Gaffney, Cline and Associates.
The boost came from higher re-mapping the reservoirs, incorporating improved reservoir properties encountered in some sands in the Longtom-4 well and improved recovery based on Nexus’ plans to drill a third development well.
The timing of the third well will be dependent on field performance, Nexus said in a release.
From http://www.upstreamonline.com/live/article199341.eceNexus...
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