Armour Energy Limited provided an update on its Prospective Gas Resources in the Northern Territory (NT) and Queensland (QLD), Australia as set out in Table 1. The prospective resource assessment was performed independently by SRK Consulting (Australasia) Pty Ltd.
Armour’s total Best Estimate Prospective Gas Resources in Northern Australia has increased from 34 to 57 Trillion cubic feet (Tscf), a 66 percent increase, as of September, compared to resources previously reported.
The update includes maiden Prospective Gas Resources from the Tawallah Group Unconventional Reservoirs in the McArthur Basin of the Northern Territory, as first announced by Armour April 29, and the Riversleigh Shale located beneath the Lawn Hill Shale in ATP 1087, Queensland. In addition, a new combined inventory totalling 193 conventional leads and prospects