RE: are we there yet ?26 May 2022 16:39
The prize -
Spud verry soon
ABOUT SASANOF
The Sasanof Prospect covers circa 400 km2 and is on trend, and up-dip of the liquids rich, low CO2 Mentorc Field.
ERC Equipoise Ltd ("ERCE") estimates the Sasanof Prospect to contain a 2U Prospective Resource of 7.2 Tcf gas and 176 Million barrels (bbls) condensate (P50), with a high case 3U Prospective Resource estimate of 17.8 Tcf gas and 449 Million bbls condensate (P10). The Sasanof undiscovered resources figures in this announcement are based on an Independent Assessment of Hydrocarbon Volumes for the Sasanof Prospect, Western Australia completed by ERCE in August 2021.
Sasanof is a large, seismic amplitude supported, structural-stratigraphic trap in the high-quality reservoir sands at the top of the Cretaceous Lower Barrow Group formation on the Barrow Delta within the Exmouth Plateau.
The overall "Equus Gas Project" area has a historic exploration drilling success rate of 88%, with 15 discoveries from 17 wells.
Western Gas (519P) Pty Ltd" is the holding company for the Sasanof prospect, with the following working interests: