Please remember the back story What makes welchau different, is...

Please remember the back story

What makes welchau different,
is that 12kmfrom Welchau-1 they have already found a huge amount of gas.

The gas-charged Steinalm carbonate washit at just above 4000m by the Molln-1 well when drilled by OMV in its hunt foroil, on its way down to an Anshof-type play at about 5700m.

Molln-1 encountered a gas column of atleast 400m, but downhole pressure measurements suggested it could be as big as900m. The well’s flow test produced condensate-rich, pipeline-quality gas, with40 barrels of condensate per million cubic feet of gas and a maximum flowrateof 3.5 MMcf/d.

OMV was not interested in gas in thelate 1980s when prices were low and the market preferred oil to feed existinginfrastructure.

However, it is now a different case for the Austrian andEuropean markets.

The gas reservoir interval at Welchauis the Triassic Steinalm fractured carbonate, which has been folded and faultedinto a structure giving about a 100-square-kilometre maximum closure area. Thehigh-case prospective resource estimate for the structure is 1.631 trillioncubic feet (TCF) and the top of the reservoir is expected at about 1120m belowthe surface.

And this is what makes Welchau different
We know the gas is you there, we just have to drill in the right spot.