VIDEO from Arrow Energy; Accelerated Program for Rapid Moranbah Area Reserves Certification to Meet Growing Market Needs.Sydney, Australia, Sept 19, 2006 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) Newswire) - Arrow Energy NL ("Arrow") is pleased to announce an accelerated reserves certification plan for the greater Moranbah area to meet the emerging and growing needs of gas customers in the Gladstone to Townsville corridor. In particular there has been a significantly increasing number of enquiries from potential customers following the ongoing uncertainty with respect to the likelihood and timing of the PNG Gas This article or section contains information about a planned or expected future energy production, transmission, distribution or other energy related infrastructure. It may contain information of a speculative nature and the content may change dramatically as the construction pipeline project. Streaming Video: www.investortv.com.au/video.asp?v=17 Use the above link to view streaming video of CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Nick Davies discussing Arrow's post CH4 merger strategy. Arrow has discussed with independent reserve certifiers, Netherland, Sewell and Associates, a program of the order of $9 million to $14 million over the next 12 months to target additional 2P reserve certification of at least 700 PJ of gas. This quantity is additional to current, on-going reserve certification work. This targeted amount of reserves would enable additional new long term gas sale contracts to be written for up to 35 PJ p.a. This reserves certification program will be focused on known productive seams in step-out areas. Additionally, at least one well will target a test of the Fort Cooper Coal Measures ("FCCM FCCM Field-Programmable Custom Computing Machines FCCM Fellow of the American College of Critical Care Medicine FCCM Federal Contract Compliance Manual FCCM Fellowship of Connected Churches and Ministries (Euless, Texas) "). Typically the FCCM exhibits net coal thicknesses of up to 50 metres and there have been previously measured high gas contents. The FCCM seams are laterally extensive across the Moranbah area but their possible resource has not previously been included in Moranbah area resource assessments. If proven to be productive, these seams could add multiple TCFs of contingent resource as yet uncertified un·cer·ti·fied adj. Not officially verified, guaranteed, or registered; not certified: an uncertified teacher. Adj. 1. in the FCCM. This accelerated investment in reserves certification in this highly productive coal seam gas area is a key component of Arrow's post CH4 merger strategy to drive growth in shareholder value by building on the skills and asset base of the merged companies and dynamically focusing on those opportunities that can provide the most significant value add to the company. This program will provide significant reserves to anchor the Moranbah-Gladstone pipeline and achieve reserves critical mass to underpin Arrow's coastal Queensland high margin products (Gas to Liquids, LNG LNG (liquefied natural gas): see under natural gas. , CNG CNG Compressed Natural Gas CNG Calling (Tone) CNG Comfort Noise Generation CNG Cryptography Next Generation (Microsoft Windows Vista) CNG Centre National de Génotypage ) strategy. Streaming Video: Use this link to view streaming video of CEO Nick Davies discussing Arrow's post CH4 merger strategy: www.investortv.com.au/video.asp?v=17 About ARROW ENERGY NL Arrow Energy is a coal seam gas (CSG CSG - constructive solid geometry ) company focused on the exploration and development of CSG resources in South and Central Queensland and Northern New South Wales New South Wales, state (1991 pop. 5,164,549), 309,443 sq mi (801,457 sq km), SE Australia. It is bounded on the E by the Pacific Ocean. Sydney is the capital. The other principal urban centers are Newcastle, Wagga Wagga, Lismore, Wollongong, and Broken Hill. . Arrow has first gas sales commencing from the Kogan North field in early 2006 and plans to have three fields (Kogan North, Tipton West and Daandine) on stream by early 2007, producing 44 TerraJoules per day (TJ/d) gross, 33 TJ/d net equivalent to annualised sales of 12 PJ net. The development of these three fields forms the initial phase of Arrow's plan to produce 45 PJ per annum Per annum Yearly. gross by 2010. Arrow has eight other projects under various stages of appraisal to follow on behind the initial three developments. For more information visit: www.arrowenergy.com.au Source: ARROW ENERGY NL Contact: Mr Nicholas Davies, Chief Executive Officer Phone 61 7 3105 3400 E-Mail info@arrowenergy.com.au Website www.arrowenergy.com.au Copyright [c] 2006 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
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