http://www.miningreview.com.au/news/major-gas-place-bass-strait/
Major Gas in Place in Bass Strait
TARA
on August 11, 2017 at 10:11 am
Listed oil and gas exploration company Oil Basins Limited (ASX:OBL) has announced the identification of a significantly larger Gas in Place estimate than previously defined over one of its major prospects in the Gippsland Basin, Bass Strait.
Company director Carl Dumbrell said today that independent seismic reprocessing and subsequent analysis had resulted in an upgrade of the P50 Gas in Place estimate in the Judith conventional gas field to 1.8 Trillion cubic feet.
The upgrade follows the recent announcement by oil giant ExxonMobil of what could be one of the biggest gas finds in the Bass Strait, a potential 2 Trillion cubic feet field named Dory. The Judith field is located within Oil Basins Limited’s Vic/P47 exploration permit just two kilometres from Exxon Mobil’s recently developed and now in production Kipper field.
“It is exciting to announce a major Gas in Place u
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