Senex Energy (ASX: SXY) has resumed exploration of its Queensland coal seam gas acreage with the spudding of the Kato-2 exploration well in ATP 593P, Surat Basin.
The second well in a 2 well program, Kato-2 will investigate the CSG potential of the Walloon coal measures.
It is also an extension of work already undertaken by the joint venture in adjacent permit ATP 771P where almost 200 petajoules of proved, probable and possible reserves have been independently certified.
Discoveries in the region have the potential to be feed the coal seam gas to liquefied natural gas projects currently under construction in Gladstone.
While these projects have sufficient gas resources to commit to their construction, further resources would be needed for expansions in either capacity or life.
The second well in a 2 well program, Kato-2 will investigate the CSG potential of the Walloon coal measures.
It is also an extension of work already undertaken by the joint venture in adjacent permit ATP 771P where almost 200 petajoules of proved, probable and possible reserves have been independently certified.
Discoveries in the region have the potential to be feed the coal seam gas to liquefied natural gas projects currently under construction in Gladstone.
While these projects have sufficient gas resources to commit to their construction, further resources would be needed for expansions in either capacity or life.
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