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Voyager narrows vision to Perth Basin

In the past quarter, Voyager Energy has narrowed its focus to its core Perth basin assets, and ha...

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During this time, the company increased its interest in EP413, which includes the Jingemia Oil Field, by 0.2685% to 6.27%.

The field is currently producing around 1,900bopd through a 1-inch choke during an extended production test of the Jingemia-1 well, supporting estimates of reserves around 5mmbbls.

A second well, Jingemia-2, is also planned to be drilled in August-September to define the limits of the field.

Operator Roc Oil has been defining the reserves and modeling the expected production performance of the Cliff Head oil project in WA-286-P (Voyager 5.0%).

The FEED stage of development for the Cliff Head project is not expected to be completed until mid-next year and to better assess follow-up exploration potential on trend from the oil field, the joint venture is planning an aeromagnetic survey in the third quarter followed by infill 2D seismic later in the year.

In July Voyager also reached an agreement to sell its interest (40.9%) in the Nockatunga project in South-West Queensland for $2.0 million cash.

Production for Nockatunga for the period averaged 307bopd (net 119bopd), which was lower than forecast due to a number of wells going off line.

Voyager believed its capital could better be applied to its Perth Basin projects and negotiated to sell its interest in the project to Magellan Petroleum. It said the sale of the Nockatunga project will provide a strong cash base for the company to progress its acreage position in the Perth Basin.

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