Independent consultants MHA Petroleum Consultants have certified 1,340PJ of 3P gas reserves within the Blackwater CSG field, located in Bow’s 100% owned comet CSG block consisting of 886 PJ 3P previously certified for the Rangal coal measures and the latest upgrade of 454 PJ 3P in the Burngrove coal measures.
MHA has also certified 378 PJ of 2C resource within the Rangal and Burngrove coal seams at depths greater than 600 metres in the south eastern corner of the Blackwater CSG field. The upgrade from the Burngrove coal measures represents a 51% increase over the previous reserves certified for the Blackwater CSG field.
Bow’s net 3P certified reserves of 1,447 PJ exceeds the original 2009 target of 750 PJ of 3P gas reserves by 93% and its end 2010 target of 850 PJ of 3P gas reserves for the Blackwater CSG field by 58% over twelve months ahead of schedule.
Bow has commenced investigations for pipeline access and routes from the Blackwater CSG fields to supply both domestic and export gas markets.
John Stefani, CEO (commercial) of Bow, said: “The Blackwater CSG Field now has a combined 3P reserve and 2C resource of 1,718 PJ. With only approximately 2% of this gas committed to the Blackwater power station, our plan over the next 12 months for this field is to certify a significant volume of 2P gas reserves to target large domestic and export gas markets.”
