EP155

EP155: Amadeus Basin

  • The property is held by Oilco, a wholly owned subsidiary of AIM listed Mosman Oil & Gas Plc and Westmarket Oil & Gas, a wholly owned subsidiary of Georgina Energy Plc, via a formal Farm-in agreement with rights to earn up to a 90% working interest. Westmarket is the Manager and has Operatorship 
  • The EP155-1 well was drilled in 1982 to a depth of 2,650m TD but did not penetrate the subsalt Heavitree Formation Hydrogen, Helium & Natural Gas reservoir target but reached TD in salt just above it. All 3 previously drilled wells have penetrated the heavitree and have encountered high concentrations of Helium & Hydrogen. (up to 9% Helium 11% Hydrogen)
  • The initial program is to complete seismic, and then re-enter and/or side track the existing well to develop the Hydrogen, Helium and Natural Gas
Ep155 Project 1024x690
EP155 Seismic Slices through the Structure

With seismically defined closure based on CPR 2U calculations of 3,400 acres, net attributable (recoverable) Prospective Resource volumes to the Company of Helium 148 BCFG, Hydrogen 135 BCFG and Natural Gas 1.22 TCFG with potential in-situ values of US$38.51 billion, US$0.62 billion and US$2.72 billion.

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