• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 15 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 11 mins How Far Have We Really Gotten With Alternative Energy
  • 2 hours If hydrogen is the answer, you're asking the wrong question
  • 3 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 5 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 15 hours Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 4 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
Alt Text

Petronas Halts all Imports of Iranian Crude in South Africa

Engen, a South African based unit of Petronas, has announced that it has halted all crude imports from Iran, which used to account for 80 percent of

Read more +
Alt Text

Acquisition of Maari 3D Seismic Survey Commences

Cue energy has just released good news regarding permits for projects in New Zealand

Read more +
Alt Text

Environmental Approval Extended for Tassie Shoal LNG Project

MEO Australia Ltd has just received environmental approval for its Tassie Shoal LNG project.

Read more +

MEO Australia Releases Volumetric Assessment of Gas Discoveries

Independent assessment of Marina discovery and Breakwater prospect

Key Points:

• Marina-1 discovery assessed to contain contingent hydrocarbon resources in five zones
o contingent gas resources: 51 Bcf (1C), 98 Bcf (2C) and 302 Bcf (3C)
o contingent oil and condensate resources: 6.5 Mmbbls (2C) and 29.5 Mmbbls (3C)

• Breakwater prospective resources assessed under gas only & mixed gas/oil scenarios
o gas/condensate: 751 Bcf, 13 Mmbbls (Best); 2,798 Bcf, 87 Mmbls (High), 24% COS
o mixed gas/oil: 636 Bcf & 52 Mmbls (Best); 2,391 Bcf & 276 Mmbls (high), 16% COS

MELBOURNE, AUSTRALIA (29th February, 2012)

MEO Australia Limited (ASX: MEO; OTC: MEOAY) is pleased to release the findings of an independent report by Senergy (GB) Limited (“Senergy”), commissioned by MEO to provide a preliminary volumetric assessment of the Marina-1 gas and liquids discovery and the Breakwater prospect in its 100% owned WA-454-P, in the Joseph Bonaparte Gulf, offshore Western Australia.

Background
MEO was awarded WA-454-P on 14th June 2011 as part of the 2010 gazettal round. The Permit contains the 2007 Marina-1 gas discovery, drilled by ExxonMobil and Drillsearch. On 14th January 2012, MEO awarded a contract to CGGVeritas to acquire the 601 km2 Floyd 3D seismic survey over the Marina discovery, the Breakwater prospect and two additional leads. Concurrent with the 3D seismic acquisition, MEO commissioned Senergy to prepare an independent assessment of the Marina discovery and Breakwater prospect based on the existing 2D seismic and well log data.

Marina gas and probable oil discovery
Senergy concluded that Marina-1 contains contingent resources in up to 5 zones:
• Gas is considered “proven” in Zones 1, 2, 3 & 4, however only “possible” in Zone 5.
• While oil is not “proven”, it is considered “probable” in Zone 1 and “possible” in Zone 2.
• Oil is also considered “possible” in Zone 4, howe

The full assessment can be found in the above pdf.

Oilprice - The No. 1 Source for Oil & Energy News