WHL said that a detailed analysis of the available seismic and geological data has enabled a more thorough understanding of the La Bella field.
The company has also completed a detailed analysis of potential development concepts which has demonstrated considerable value in the La Bella field and the exploration prospects in VIC/P67.
WHL Energy has assessed the La Bella gas and condensate field to contain 2C Contingent Resources of 114 Petajoules (PJ) gas.
The total mean contingent and prospective resources in the La Bella area is expected to be around 786 PJ gas and 10 MMstb condensate.
Volumes in the La Bella North fault block were formerly included in the La Bella Contingent Resources.
WHL Energy managing director Steve Noske said the result of the integrated technical work programme along with the forecast for strong East Coast energy demand, continues to strengthen the commercial attractiveness of La Bella.
"WHL Energy is pleased with the progress of the La Bella project and is excited by the results of the recent work that confirms the economic attractiveness of the La Bella development and demonstrates the value of the exploration potential in the VIC/P67 permit," Noske added.
