KEY 0.00% 0.1¢ key petroleum limited

weald basin shale gas potential

  1. 668 Posts.
    lightbulb Created with Sketch. 13
    Courtesy of a poster from the EGO thread:

    KEY has 114km2 of permit in the UK's Weald Basin where according to the undermentioned report has UK safest shale gas potential. KEY's Brockham PEDL235 is only a few kms away from.....read on

    1. "Resource Estimate
    Celtique Energie currently have an estimate on their website for their Weald acreage of mean recoverable shale oil and shale gas resources are estimated at c. 125 mmbbl of oil and c. 10 tcf of gas, respectively. They go on to say that “shale gas deposits are expected to yield wet gas, with significant quantities of condensate. The seismic data and maturity modelling studies for the Weald basin also suggest that 2 shale gas resources may be located in the centre of the Weald Basin. The area of Liassic source rock within the gas window is believed to be over 467 sq.kms (115,000 acres) at exploitable drilling depths between 9,000 and 13,000 feet true vertical depth. Based on both volumetric analogy to typical US shale gas plays and by a pyrolysis method using S2 values, it is estimated that the recoverable shale gas potential of the acreage could be as high as 14 tcf, with a mid-case estimate of 10 tcf plus condensate.”

    Source:
    1.https://www.og.decc.gov.uk/information/onshore.htm

    2.http://www.celtiqueenergie.com/operations/uk/southern_england/central_weald_data.html

    Jeffery MacDonald would have a very good knowledge about UK's oil and gas needs. You will notice the document at Source 1. is from the United Kingdom's Department of Energy and ClimateChange. Gas is the transitional energy source from coal to renewables and the UK obviously wants a lot of it.

 
watchlist Created with Sketch. Add KEY (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.