Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Placing https://www.asx.com.au/asxpdf/20180430/pdf/43tmpfmjcvwpv1.pdf Quarterly Report https://www.asx.com.au/asxpdf/20180430/pdf/43tmn1mzmbldfh.pdf
Asia Pacific China Husky has increased its working interest in the development of the Liuhua 29-1 field to 75 percent from 49 percent, providing additional exposure to the growing energy market in Asia. Liuhua 29-1 is the third deepwater field at the Liwan Gas Project. Based on this 75 percent level of participation, Husky expects to recover approximately $247 million US in exploration costs on a preferred basis within the first 18 months of production. The Company�s share of capital spending on the project is expected to be approximately $670 million US, including $130 million US in capital already spent. Husky�s working interest share of production when the project ramps up will be 45 million cubic feet per day (mmcf/day) gas and 1,800 bbls/day liquids. Three wells are scheduled to be drilled at Liuhua 29-1 in the fourth quarter of 2018, adding to the four previously drilled wells. First gas is anticipated around the end of 2020. Production will be tied directly into the existing Liwan subsea infrastructure and the onshore Gaolan Gas Plant, and delivered to buyers in the Pearl River Mouth Basin area. Gross production from the existing Liwan fields averaged 367 mmcf/day in sales gas volumes, with associated liquids averaging 16,700 bbls/day (180 mmcf/day and 8,200 bbls/day Husky working interest). The Company realized gas pricing of $13.95 Cdn per mcf. Drilling began in March 2018 on an exploration well on Block 15/33 in the Pearl River Mouth Basin, with a second well scheduled in the second quarter. Drilling on two wells at the nearby Block 16/25 are planned for the second half of 2018. Indonesia Gas sales at the liquids-rich BD Project were 47 mmcf/day with 2,100 bbls/day of associated liquids production (19 mmcf/day and 1,000 bbls/day Husky working interest). BD gas was sold into the existing East Java market at contracted rates for a realized price of $9.85 Cdn per mcf. Liquids pricing was $87.53 Cdn per barrel. At the combined MDA-MBH fields in the Madura Strait, seven production wells are scheduled to be drilled in the second half of 2018.
second page. https://hotcopper.com.au/threads/ann-trading-halt.4156171/?post_id=32714839#.WuNFM_nwZhE
Preliminary Prospective Resources Estimates (mmbbls) Jade low 89 best 103 high 143 Topaz low 280 best 365 high 498 pearl low 84 best 123 high 206 decent numbers in an oil market that is looking positive, i think there will be some big interest in this asset.
gazza, the last update on China was the December RNS so they have. http://www.lse.co.uk/share-regulatory-news.asp?shareprice=EME&ArticleCode=rtxlc4fa&ArticleHeadline=Interim_Results which stated end of Q1, although some are expecting the next update in May / June which is looking likely now. we fixate too much on timelines imo, the important part is the value it adds and completion of the interpretation means we embark on the next phase, well planning / farm out, this is where it gets exciting imo.
Gazza Q2 IMO, wonder if they have completed the work and are simply awaiting CNOOC to approve the release / reserves? December interim's stated; These estimates are expected to be revised towards the end of Q1 2018 when the comprehensive interpretation of the fully processed 3D seismic data is expected to be completed. In addition, geological work continues during Q4 2017, focusing on migration pathways of oil in the basin. The seismic interpretation and geological work is expected to finalise the prospective resources and geological risks of the Jade, Topaz and Pearl prospects.
http://www.empyreanenergy.com/wp-content/uploads/2017/08/AGM-Presentation-Updated.pdf Slide 17, Forbes top and toe. These are the zones a lot of existing wells produce from. Below that is relatively untested