Why is shale different 2 a fine-grained rock (mixture of clay and minerals such as quartz) a source rock an organically rich rock which, if heated sufficiently, will generate oil and gas a seal for conventional traps has…
How is shale gas developed 3 shales that are thermally mature and contain gas gas is contained in pore spaces and also by adsorption (gas adheres to rock) very low permeability means gas is immobile without extensive fracture…
Shale gas has changed the global gas paradigm 4 North American Gas Production BCF/day Shale gas has caused a fundamental shift in US Gas pricing 2007 - Gas assumed to be set at oil parity US 12/GJ shale development reset to…
Unconventional gas potential of the North Perth Basin 5 AWE acreage contains three shale gas targets Kockatea Carynginia Irwin River Coal Measures (IRCM) Gross shale thickness in excess of 1000m 620,000 net acres Woodada…
Northern Perth Basin lithology & cross-section 6 Initial target is Carynginia Optimal thermal maturity in Woodada Area Secondary target : Kockatea Sampling to be undertaken as part of future Redback drilling Irwin River Coal…
How do Perth Basin shales stack up 7 NEW CORE IS REQUIRED TO DETERMINE POROSITY, PERMEABILITY & GAS CONTENT Shale evaluation: shale characteristics based on analysis of historical cuttings and core new core has been retrieved…
Carynginia appraisal is underway 8 April 2010 coring complete cores releasing gas gas quality analysis ongoing May/June 2010 Detailed core analysis 4th qtr 2010 fracture stimulation additional coring contingent resource…
Carynginia shale shows consistent formation across 9 Woodada permits Flattened at Carynginia Top Carynginia: 100m thinner to the north good log correlation over 50km CARYNGINIA FORMATION INDEX MAP N EP413 EP320 L4…
Positive geochemistry results 10 TOC N Dry Gas Zone Shale gas potential TOC Dry Gas Zone In L4/L5 permits there is excellent correlation of TOC and maturity data across the entire area TOC values remain consistently…
WA - ready markets and infrastructure 11 Perth Basin connected by underutilised pipeline to Perth market Opportunity to reverse flow to supply to LNG plants Strong predicted demand growth in WA gas market LNG netback pricing…
Potentially rapid conversion to production through 12 existing infrastructure AWE owned processing facilities would allow rapid conversion to reserves and production Possible development/production profile Woodada Gas…
In summary 13 AWE has been vigorously pursuing unconventional opportunities North Perth basin has exciting potential across three shale plays Shale is changing the world gas paradigm
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