DRILLING

Bow ups 3P reserves target

BOW Energy is planning to drill up to 52 wells across the Bowen and Surat basins next year as it works towards achieving its upgraded proved, probable and possible reserves target of 2750 petajoules.

The company increased its 3P reserves target by 45% from 1900PJ to 2750PJ following the 2009 drilling success in the Blackwater coal seam gas field. "Our latest internal estimates indicate Bow's 100...

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