Empire Energy Ltd. increased the prospective 2C gas resources for its 100%-owned permit EP187 in the Beetaloo subbasin of the Northern Territory, Australia, to 3.5 tcf—an increase of 47%.
The company also booked a maiden best estimate of prospective condensate resources of 27 million bbl.
The update, prepared by Netherland, Sewell & Associates Inc., used the technical results of last year’s Carpentaria-1 drilling program.
The reservoir properties and shale pay thicknesses encountered in the well exceeded pre-drill expectations, driving material increases in assessed gas and condensate resources.
The analysis was restricted to Empire’s current operations in EP187 and did not incorporate further assessment of the company’s northern properties targeting the Barney Creek or other McArthur basin shale units.
The Kyalla shale was deemed too shallow or not present and has been reduced to zero for prospective resource assessment.
Empire has received Northern Territory government approvals to carry out hydraulic stimulation and flow testing of the vertical Carpentaria-1 well. The company plans to begin the flow test program in this year’s second quarter to assess which zones within the Velkerri formation reservoir are likely to provide the optimal flow rates and gas-liquids contributions.