Echuca Shoals WA-377-P(Nexus 100%)"The current estimated most...

Echuca Shoals WA-377-P
(Nexus 100%)


"The current estimated most likely gas in place at the Echuca Shoals gas field within WA-377-P is approximately 0.5 Tcf, plus up to an additional 1.8 Tcf at the same reservoir level in the Backmaker prospect to the north. Geophysical studies also indicate the presence of deeper exploration potential at Backmaker which could add up to another 6 Tcf of gas in place. An additional prospect (Mashmaker) has been identified on 3D seismic in the north-east of the permit in the prospective Plover reservoir with volume estimates ranging between 0.4 and 3 Tcf in place. Additionally, the combined potential for associated condensate in the permit is most likely more than 200 MMbbls."

Source:

http://www.nexusenergy.com.au/2223950/nexus-energy-oil-gas-exploration-and-productio.htm

Could NXS soon have a 50% share in a proposal to extend the gas rights handover to 31 December 2023, develope Crux as a liquid stripping project, as spare capacity kicks in to explore and if successful exploit the Auriga and Caleum structures while there and then on the 31/12/23 move the FPSO to Echuca Shoals/Backmaker/Mashmaker prospects to extract the "most likely more than 200 MMbbls" there.

Regards

SP