straight from Gastars annual report. Does anyone know what W.I. and N.R.I. is? This property already has wells for CBM, wonder if that helps for a UCG plant.
EL 4416 Highlights Map of EL 4416
Note: Acreage as of 12/31/06.
Coalbed Methane Play
Total gross acreage concession of
1 million acres
75% W.I. / 67.5% N.R.I.
Completed a 2-well pilot program in a
50-foot coal seam
Initial results showing high water rate and
early gas indicates good permeability and
the presence of CBM
Key risk factors – ability to de-water and
gas composition?
10-well exploration program currently
underway
Access to established gas markets
through existing regional pipelines
victoria browncoal, page-4
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