Robert Willes, Director, Bundu Gas & Oil Exploration (Pty) Ltd February 2015
WHO WE ARE Bundu South African gas, oil exploration company 95% owned by Challenger 5% owned by South African entrepreneur Don Ncube Challenger Energy Australia-listed shale gas exploration company founded in 2007 shale gas…
BOARD AND MANAGEMENT: 200 years experience CHALLENGER ENERGY BUNDU Michael Fry, Chairman Robert Willes, Director Industry experience: 7 years E&P (30 years Capital Industry experience: 27 years markets) Non-executive director, Buru…
WHAT DOES BUNDU INTEND TO DO Explore for shale gas in Pearston area Bundus total exploration application area: 4 200km2 adjacent to Shell, Falcon application areas centred on 1968 Soekor exploration borehole Application involves…
BUNDUS APPLICATION AREA in more detail Insert map of area showing Chris Hani Municipality marked in orange, Modi had to hide some stuff on the map so its a new version he may or may not have been asked to do this map its at the…
WHERE WE ARE NOW and possible ways forward Multi-year process Exploration Right three years extendable to nine years We are here Encouraging Encouraging Encouraging Soekor Approval Exploration Proto multi sought for…
STAGE 1: exploration work programme PHASE 1 DESKTOP STUDIES AND DATA GATHERING 6-9 months Water sampling (results shared with landowners) Geological data gathering Data from Soekor borehole (eg core, borehole logs) PHASE 2…
PHASES 1 AND 2 8
PHASE 1: desktop and field studies, community consultation Develop groundwater baseline test level and quality Locate, map and sample boreholes, springs known to emit gas Build groundwater model Continuous Undertake core and…
ABOUT THE CRANEMERE BOREHOLE Drilled by Soekor in 1968 to 15 282ft (4 658m) gas flowed to surface from circa 8 150ft (2 484m) for 24 hours core, other samples collected Stakeholder consultation February 2015 10
PHASE 2: detailed geological, hydro-geological analysis Build geological model rock types layering of rock types structural features to understand potential sourcing, migration and entrapment of gas Continuous communication with…
SEISMIC Soekor seismic lines re-processing original data using modern software can yield additional information if existing data insufficient, Bundu may seek to gather new seismic data not anticipated at this stage…
PHASE 3 13
PHASE 3: borehole programme PRELIMINARY PLANNING Site selection based on Phases 1 and 2 Negotiate site access with landowners Where possible, sites to be established close to existing roads Dimensions of drilling pad kept to a…
DRILL SITE What does a drill site look like a drill site is small, typically less than half a hectare largest piece of equipment drill rig, generally 20m-30m in height ancillary equipment includes: fluid pumps & tanks, fuel storage…
BOREHOLE DESIGN Borehole construction Decommissioned borehole Borehole construction designed to acquire data, then be safely decommissioned casing and cement isolate borehole from aquifers pressure control equipment to manage any…
EMPLOYMENT AND SOCIAL INVESTMENT Exploration phase specific expertise needed in early stages of exploration and appraisal technical professionals (geologist, reservoir engineers, environmental scientists, etc) drilling contractor…
SUMMARY Three year Exploration Right, extendable Full exploration and appraisal programme before development can be considered Go/no-go decision at each stage approvals required at each stage approvals required prior to any…
Robert Willes, Director, Bundu Gas & Oil Exploration (Pty) Ltd February 2015
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