Dart Energy shale reserves estimated at 143 trillion ft3
An initial independent assessment of the Original Gas-in-Place for Dart Energy International Pte Ltd’s portfolio of shale gas assets, has placed it between 28.1 trillion ft3 (low case) to 143.0 trillion ft3 (high case), with a Best Estimate of 76.0 trillion ft3 net to Dart International.
Dart International has successfully executed a European entry and consolidation strategy, in the process establishing a portfolio of assets, either owned or under option, that represent a substantial and highly prospective shale gas portfolio spanning multiple European jurisdictions.
In total, 17 of the licences currently in Dart International’s portfolio are considered prospective for shale gas.
In addition, Dart International has an option to participate in the Poland Szczawano licence, which also has the potential for shale gas. Netherland Sewell & Associates, Inc (NSAI), a prominent, internationally recognised petroleum engineering consulting and certification firm, has undertaken an initial assessment of the shale gas potential within the companies licensed exploration areas in Poland, UK and Germany.
Dart International Chief Executive Officer, John McGoldrick, said, “The initial assessment by NSAI highlights what we consider to be the substantial shale gas prospectivity embedded in Dart Energy International. Certainly, it confirms we have a diverse portfolio and sizeable position to start from, and as we have done with CBM, we plan over the coming years to progressively mature some of the resource from the current OGIP position into contingent resource, and ultimately reserves”.
Adapted from press release by Peter Farrell.
Read the article online at: https://www.worldpipelines.com/business-news/10052012/dart-energy-shale-reserves-estimated-at-143-trillion-tcf/
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