Printer Friendly
The Free Library
4,467,377 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

VIDEO from Arrow Energy; Accelerated Program for Rapid Moranbah Area Reserves Certification to Meet Growing Market Needs.


Sydney, Australia, Sept 19, 2006 - (JCN 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 Townsville, city (1991 pop. 101,398), NE Queensland, Australia, on Cleveland Bay. It is a major port. Wool, hides, meat, copper, and sugar are the chief exports. Copper and sugar refining, meat and fish packing and freezing, and cement making are other industries. Within easy reach of the Great Barrier Reef, it is an important tourist center. Townsville was founded in 1864. James Cook Univ. (1970) is located there. 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 pipeline project.

Streaming Video:

www.investortv.com.au/video.asp?v=17

Use the above link to view streaming video of CEO Nick Davies discussing Arrow's post CH4 CH4 - Methane, Natural Gas (chemistry; carbon atom surrounded by 4 hydrogen atoms) 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 PJ - Pajama(s)
PJ - Para-Jumper/Pararescueman
PJ - Paintball Junkies
PJ - Papa John's (Pizza)
PJ - Partido Justicialista (Argentina)
PJ - Passive Jamming
PJ - Pear Juice
PJ - Pearl Jam (band)
PJ - Periodic Jitter
PJ - Peta-Joule (10^15 Joules)
PJ - Petaling Jaya (Selangor, Malaysia)
PJ - Peter Jackson (Lord of the Rings director)
PJ - Photo-Journalist (USAF)
PJ - Pigeon John (singer)
PJ - Pineapple Juice
PJ - Plain Jane
 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 - Facilities Capital Cost of Monies
FCCM - Fellow of the American College of Critical Care Medicine
FCCM - Fellow, Curwen College of Music
FCCM - Field-Programmable Custom Computing Machines
FCCM - Flight Code Controller Manager
FCCM - Master Chief Fire Controlman (Naval Rating)
"). 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 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, CNG) 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) company focused on the exploration and development of CSG resources in South and Central Queensland and Northern New South Wales. 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 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.
COPYRIGHT 2006 Japan Corporate News Network K.K.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:JCN Newswires
Geographic Code:8AUST
Date:Sep 19, 2006
Words:559
Previous Article:Lexus Launches LS460 in Japan.
Next Article:ANA Announces Changes to Corporate Plan for the Second Half of FY 2006.



Related Articles
EGYPT - A Rapidly Expanding Energy Base In A Tiger Economy.
OMAN - The Energy Base Is Expanding Rapidly.
EGYPT - The Domestic Energy Market.
OMAN - The Energy Base Keeps Expanding.
OMAN - The Energy Base Keeps Expanding.
New teacher certification program angers NEA.(Inside the law: analyzing, debating and explaining no child left behind)(National Education Association)
OMAN - The Energy Base Keeps Expanding.
Industry secures victory in wetlands case: NAA/NMHC has long asserted that the current regulatory system is overly broad, unevenly applied and...
Pioneer Renews Lineup of 'Raku-Navi' Series In-car Navigation Systems in Japan.
Change in the wind.(The Year Ahead)

Terms of use | Copyright © 2008 Farlex, Inc. | Feedback | For webmasters | Submit articles