HOME ABOUT US ADVERTISE PREMIUM SUBSCRIBE HELP CONTACT  
Wednesday
3 September 2014
Make ENB my HomePage 
 
Native Title clearance opens way for Bow program

BRISBANE-based Bow Energy says the endorsement of a Native Title agreement over its Queensland permit ATP 752P means scheduled farm-in wells and an infill seismic program can now start.

Bow yesterday said following the Ministry for Natural Resources, Mines and Water endorsement of a Native Title agreement over ATP 752P, an offer of the permit had been accepted by the operator to take effect from August 1 for a 12-year term.

Several oil prospects with potential for high commercial oil flow rates had already been identified adjacent to, or in between, producing oil fields in both the Wompi and Barta Blocks within ATP 752P.

Bow said the first two farm-in wells in Wompi and a new infill seismic acquisition program in Barta should start in late September/early October.

Company secretary Duncan Cornish said given the high oil prospectivity of Wompi, the ATP 752P joint venture had already decided to drill two firm, plus two optional, wells.

Canadian-listed company Avery Resources is carrying Bow on a staged three-well, plus seismic acquisition, to a five-well farm-in exploration program, with Bow retaining a 25-35% direct working interest in the permit, depending at which stage Avery completes its farm-in.

Bow has a rig-sharing agreement with Beach Petroleum to use Hunt Rig 2 to drill the two firm exploration wells in ATP 752P, with several additional drilling options being available to Bow at its election.

Share this story:

Click here to read the rest of today's news stories.

 

Follow Us



Company Search




Story Search









Advanced Search

LATEST NEWS

NSW EPA investigates Camden CSG well leak


Beefing up CCS research


The supply side swell


News Wrap


Ordinary operations to resume at In Amenas


Energy Briefs


Letter


Personnel Movements


A way to better understand oil and gas fires


Introducing the SIM+ plug

RELATED LINKS

[SECTION]
-General News
[REGION]
-Australia
[OTHER]
-Printable Version
-Send to a Friend



UPCOMING
EVENTS
European Autumn Gas Conference (EAGC) 2014
3rd Annual Gas Asia Summit (GAS)
  View all events