train leaving the station, page-31

again EKA annual report

The Sugarloaf Area of Mutual Interest (AMI)


The Sugarloaf AMI is situated within the Sugarkane Gas
and Condensate Field. At the time of writing the Sugarloaf
AMI comprises leases covering approximately 23,161
acres (2,895 acres net to Eureka). This lease position
represents the work largely undertaken by TCEI over the
last two years to secure mineral right leases from the
many land owners within the AMI. Importantly, the AMI
acreage is largely contiguous allowing for efficient field
development. Efforts to acquire the remaining leasehold
gaps within the Sugarloaf AMI continue.

Sugarkane Field Overview

The Sugarkane Field is a new discovery of substantial
size covering an area believed to be in excess of 200,000
acres which is proving to have high potential for gas and
condensate production. Publicly available information on
the discovery well on the adjacent land over a period of
nearly 2 years, demonstrates an impressive production
profile for a vertical Austin Chalk well with relatively high production rates and recoverable volumes. The well is
also producing a high condensate yield, enhancing the
field’s production value.
Published production rates from the two horizontal wells
on the adjacent acreage are also very encouraging with
high initial production rates and a similar condensate to
gas ratio. Although the AMI participants believe that the
chalk reservoir is a single continuous formation there
are subtle variations evident that allow us to differentiate
at least three horizons. The production from the adjacent
acreage within the Sugarkane field has all been from the
upper horizon within the Austin Chalk reservoir. Potential gross resources for the upper chalk horizon across the entire Sugarkane Field have been estimated up to 7.2 tcfe of gas in the reservoir zone tested to date.

this from adi annual report


Overall, the Sugarloaf plus greater Sugarkane area is
thought to occupy at least 200,000 acres with a resource
potential of 500 million barrels of condensate plus 3
TCF of gas. Sugarloaf area mean potential reserves are
estimated to be 50 mmbbls of condensate plus 300 BCF
of gas – of which Adelphi’s share is 10 mmbbls and 60
BCF.

upper chalks went from 3 tcf to 7.2 tcf in no time!!


get out your calculator mick and estseon! time for a recalculation..