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Armour's Northern Australia Prospective Resource Jumps to 57 Tcf
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Armour Energy Limited reported an update on its Prospective Gas Resources in the Northern Territory and Queensland. The prospective resource assessment was performed independently by SRK Consulting (Australasia) Pty Ltd.
Armour’s total Best Estimate Prospective Gas Resources in Northern Australia has increased from 34 to 57 Trillion cubic feet (Tscf), a 66% increase, as of September 2015, compared to resources previously reported.
The update includes maiden Prospective Gas Resources from the Tawallah Group Unconventional Reservoirs in the McArthur Basin of the Northern Territory, as first announced by Armour on 29 April 2015, and the Riversleigh Shale located beneath the Lawn Hill Shale in ATP 1087, Queensland. In addition, a new combined inventory totalling 193 conventional leads and…
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