Emperor Energy Ltd (ASX:EMP) has leveraged an integration of engineering data from analogue Longtom and Kipper Gas Fields results to improve gas saturation and recovery factor inputs for the company’s resource estimation calculations.
The Judith Block 2C contingent gas resource was subsequently increased from 150 billion cubic feet to 198 billion cubic feet, while the P50 un-risked prospective gas resource in the Judith and Longtom sands increased from 1.226 trillion cubic feet to 1.627 trillion cubic feet.
Due to these material increases, the total P50 un-risked prospective gas resource for EMP’s 100%-owned Vic/P47 permit has risen by 401 billion cubic feet to 2.249 trillion cubic feet with shares as much as 17.15% higher to $0.041.
Revised resource assessment
Independent geological consultants 3D-GEO Pty Ltd completed the review of Vic/P47 following the receipt of additional reservoir and development engineering data from the nearby Longtom and Kipper analogue gas fields and completion of the resulting interpretive analysis.
The review of the Judith prospective resources focused on:
- Integration of new engineering data from the Longtom and Kipper analogue gas fields.
- Comparison of Judith-1 log suite and hole conditions to analogue wells with modern logs.
- Petrophysical review of Judith Sands with washout/mud filtrate invasion in Judith-1.
- Increase in Gas Saturations, based on mud invasion corrected deep resistivity curves.
- Increase in Recovery Factors, based on analogue field data and increased gas saturations.
- Revised Volumetric assessment of resources in the Judith and Longtom sands in Vic/P47.
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