New Senex well ready for production

This month Senex has undertaken testing on the well located in the Cooper Basin, which has included a seven-stage hydraulic fracturing program and a five-day production test. With a flow rate of 5 MMscf/day, production logs showing a gas contribution from all seven stimulation zones and a condensate to gas ratio of approximately 14 bbl/mcf …
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Bight seismic deferred to next year

In January, the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) approved an application from PGS to conduct seismic surveys in area approximately 90 km west of Kangaroo Island and 80 km southwest of Port Lincoln. But according to The Advertiser the company has suspended the operations until next year after funding from investors was put …
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Leigh Creek acquires development funds

Earlier this year, LCK received a petroleum resources management system certificate of 1,153 PJ of 2P gas reserves at its Leigh Creek Energy Project (LCEP), which the company says is the largest uncontracted gas reserve available to Australia’s east coast customers. The company has now completed a placement of 14.32 million ordinary shares in order …
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AGL closing SA power station

Along with its Liddell coal power station in New South Wales, AGL has informed the Australian Energy Market Operator (AEMO) that all four units at Torrens A will be closed by 2022. AGL had previously informed AEMO it would mothball two of the four units by November 2019, but the first two units will now …
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Cooper-Beach JV begins new well program

The PEL 92 Joint Venture (JV), consisting of operator Beach Energy and partner Cooper Energy, has designed the new campaign to test the limits of field extent. The campaign will consist of the Parsons-6 well which will be drilled to a depth of 1,665 m, Parsons-1 to be drilled to 1,659 m, and Parsons-8 which …
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Jemena: government intervention a “band-aid”

Earlier this month, the Federal Government agreed to investigate the gas market in order to bring down prices in return for gaining support for its tax cuts from other political groups. But Jemena Managing Director Frank Tudor said an attempt to lower prices through government intervention was an ultimately short-term and short-sighted solution to current …
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GAS-TESS connected to electricity market

The energy storage system, known as GAS-TESS, is the first commercial pilot of a molten silicon energy storage system at SA Water’s Glenelg Wastewater Treatment Plant. GAS-TESS uses world-leading technology to store energy generated from biogases created during wastewater treatment to increase the plant’s energy self-sufficiency. Since late May, the project has been returning heat energy …
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Otway Basin JV secures rig

The project is a JV between 50-50 partners Vintage Energy and operator Otway Energy, a subsidiary of Lakes Oil, intending to drill the conventional Nangwarry-1 well later this year to find gas to supply to Australia’s east coast market. The JV is targeting best estimate gross prospective resources of 1.6 billion m3 of gas and …
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Government raises possibility of shipping WA gas east

According to The West Australian, Mr Frydenberg and the government are investigating ways for the east coast market to access WA gas, which can be up to $7 cheaper than current levels. “West Australians get access to gas that is cheaper than on the east coast of Australia and any opportunities to ensure there are …
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Vintage and Metgasco complete farm-in deal

The two companies have completed a farm-in arrangement which includes a joint operating agreement which sees Vintage take on a 50 per cent interest and operatorship of the acreage, pending ministerial approval. ATP 2021 is a 370 km2 permit containing a net recoverable raw gas best estimate of 538 m3, with Vintage and Metgasco aiming …
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