Independent consultants MHA Petroleum Consultants (MHA) have now certified 2,211PJ’s of 3P reserves and 817PJ 2C resource within Bow’s wholly owned ATP1025P, which includes both the Blackwater and Comet CSG Fields.
The Comet CSG field is located immediately north of the Blackwater CSG Field in ATP1025P and has Rangal and Burngrove Coal Measures as the primary targets.
John De Stefani, CEO of Bow Energy, said: “Our latest reserves from Bow’s 100% owned Comet CSG Field together with the adjacent Blackwater CSG field provides Bow with over 2Tcf of 3P gas reserves in the permit, and almost 3Tcf of total resource.
“This huge reserve base has provided Bow with significant gas supply opportunities for both the domestic gas markets and the multiple proposed LNG facilities in Gladstone.”
The company said that it is planning a 2P work program over the Comet CSG field in conjunction with the Blackwater CSG Field 2P work program currently in progress.
Bow Energy’s 2010 drilling program is continuing at Blackwater CSG field with completion work commencing on the initial production wells of the 14 production well program for the Blackwater Power Station and the 2P appraisal program continuing in the western shallower regions of the field. The Blackwater Power project is on schedule for commissioning first quarter 2011.
The results of the first three Blackwater CSG field appraisal wells and adjacent core holes BW-3 and BW-4 located in the area have been submitted to MHA, Bow’s independent certifier.
Moreover, the initial seven well 3P and 2P drilling program on the Norwich Park program (ATP 1031P 100% Bow) has continued to be hampered by wet weather with VM-1 drilled to a depth of 273mt towards a projected total depth of 700mt with 18.7mt of coals intersected to date.
