Emperor Energy Ltd (ASX:EMP) has engaged 3D-Geo to prepare an independent prospective resource statement for the Kipper and Golden Beach gas sands, which sit within Emperor’s wholly-owned permit in the Gippsland Basin offshore Victoria.
The new prospective resource will stack with the property’s existing 1.226-trillion-cubic-foot P50 unrisked prospective gas resource.
Emperor’s move to a new independent resource comes after it completed Amplitude Versus Offset (AVO) analysis on the Kipper and Golden Beach gas sands, situated above the Judith Gas Field resource.
This analysis was done with new, fully processed PSDM 3D Seismic Data, which Emperor secured from international seismic acquisition company CGG in November last year.
The AVO results were correlated against reservoir gas in the nearby Kipper-1 discovery well, which represents the currently producing Kipper Gas Field operated by Exxon Mobil.
Notably, high AVO values indicate the presence of reservoir gas in the Kipper sandstone and in three additional sequences of the underlying Golden Beach sub-group.
The extent of the strong AVO response is interpreted to indicate potential gas saturation in these sands extending over more than 500 metres of vertical relief across the Judith structure, which is terminated by the Rosedale Fault to the north.
The proposed Judith-2 appraisal well will, in addition to the primary Judith and Longtom sands objectives, also test the new Kipper and Golden Beach sand play when it’s drilled in 2023.
Emperor Energy is seeking partners to help drill the well and recently appointed global drilling services contractor AGR to begin the approvals, well design and contracting process.
About Emperor Energy
Emperor Energy is a diversified energy company with upstream and downstream assets in Australia.
The company’s flagship Judith Gas Field lies within the VIC/P47 permit in the offshore Gippsland Basin and neighbours the BHP/ExxonMobil Kipper field.
Down the line, Emperor hopes to supply gas from Judith to homes across the lucrative east coast gas market.