nearology

ask your gelogist, the best ones are actually nearologists

So on nearology, have a ganders at a choice extract from the Arrow quarterly if you are to lazy to open it yourself :)

Full report here


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Bowen Basin
Arrows exploration strategy remains firm in the Bowen Basin, seeking to maximise reserve coverage in each of the three coal bearing formations, in particular;

1. extending reserves within the Moranbah Coal Measures along the west side of the Basin, both north and south of the Moranbah Gas Project.

2. delineating and extending reserves in the Rangal Coal Measures in the central and eastern parts of the Basin.

3. delineating and extending reserves within the Fort Cooper Coal Measures along the western margin of the Basin.

In addition, Arrow was engaged in activities linked to earning a 50 percent interest in ATP 831, in the Baralaba region, under the terms of a farm-in agreement with QGC.

Field activities during the quarter were hampered by extensive and widespread wet weather, including the effects of cyclone Ului. Exploration work during the period comprised;

h ATP364 V Moranbah Coal Measures V drilling of three exploration wells (RH16, RH17, RH21) in the Red Hill area north of the Moranbah Gas Project, and four exploration wells (PD25, PD38, PD42, NP18) in the Peak Downs V Norwich Park area south of the Moranbah Gas Project

h ATP364 V Rangal Coal Measures V drilling of one exploration well (KC4) in the Kemmis Creek area east of the Moranbah Gas project

During the period Arrow lodged application for 51 Petroleum Leases across virtually the entire area of ATP 364. The primary purpose of these applications was to secure and retain adequate gas resources to underpin the Shell Curtis Island LNG Project, as well as to maintain existing or future domestic gas supply needs or opportunities.


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So let me get this right? They are looking to delineate reserves across the North Bowen area to support the planned 16mtpa (20,000PJ) plant. I hope they get all the resereves they are looking for. Well no, actually I dont.

...some more...the hills have eyes...


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Clarence-Moreton Basin

The Clarence Moreton is a very large basin, containing CSG targets in both the Walloon and Ipswich Coal
Measures, and conventional prospectivity in the Ripley Road Sandstone (situated between the Walloon and
Ipswich Coal Measures). Regional exploration work during the period comprised;

h ATP644 V drilling of exploration well Mt Lindesay #12

h ATP791 V drilling of exploration well Carneys Creek #1 & Moogerah #1

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Considering that Arrow have only an interest in the CSG between the Jurassic (Walloon) and Triassic (Ipswich) areas and the ripley road sandstone is not a CSG reservoir - god knows why they would be talking it up in their quartely. Maybe their 3% BOW holding gives them an interest in it?

Cheers,

SF