Emperor Energy Ltd (ASX:EMP) has completed an amplitude versus offset (AVO) analysis of the Kipper and Golden Beach Gas Sands across the Vic/P47 Permit and Judith Gas Field, indicating an additional gas play in the area may extend over 500 vertical metres.
The analysis was supported by new, fully processed pre-stack depth migration (PSDM) 3D seismic data carried out on the Kipper and Golden Beach Gas Sands, designed to capture seismic imaging of areas with complex geological structures.
Emperor compared the AVO results favourably to those of the Kippler-1 well operated by Exxon Mobil, where the Kipper and Golden Beach sands are the principal reservoirs.
AVO analysis results
Emperor’s results show a very strong (AVO) response in four areas of gas sands as below:
➢ Kipper gas sand; and
➢ Upper, Intra and Lower Golden Beach gas sands.
Initial calculations of rock volumes indicate the four gas sand intervals have the potential to contain economical Gas in Place and add to the existing P50 unrisked prospective gas resource of 1.226 trillion cubic feet of gas within the Vic/P47 Permit area.
EMP is now in the process of producing new Gas in Place calculations for the Kipper and Golden Beach sands in preparation for an upgrade of prospective resources within Vic/P47.
About Emperor Energy
Emperor Energy is a diversified energy company with upstream and downstream assets in Australia.
The company’s flagship 100%-owned Judith Gas Field is within the VIC/P47 Permit in the offshore Gippsland Basin, Victoria and is next to the BHP/ExxonMobil Kipper field.
The completion of pre-front end engineering design (pre-FEED) for the provision of midstream infrastructure and services related to gas to be produced from Judith Gas Field has provided a clear understanding of the project design, management, time frame and costs involved in bringing the gas from Judith into the lucrative East Coast gas market.