Drillsearch Energy reports a significant increase in the Prospective Resource Potential of the Western Cooper Unconventional Gas Project.

Significant Increase in Resource Potential - 360% over previous estimate The unconventional gas Prospective Resource potential of deep coal seams in the Western Cooper Unconventional Gas Project Area has increased by approximately 360%.

Drillsearch has just completed the second phase of an independent technical review with MBA Petroleum Consultants Pty Ltd (MBA) of the Prospective unconventional gas resource potential of deep coal seams in the Permian and Triassic formations of the Western Cooper Basin. This independent technical review is an extension of the earlier work completed by MBA prior to the award of PELA 513. It should be noted that Prospective Resources are as yet undiscovered and, as such, carry significant risk. Gas content, gas composition (gas may not only be methane) and certain coal parameters are poorly known and require specialist coal seam gas (CSG) sampling and testing, which will be addressed by near future drilling.

On 27 November 2009, Drillsearch previously announced the results of the independent review of the deep coal seam gas potential of the project area. The previous announcement indicated that the unconventional gas Prospective Resource potential was between 2.7 to 5.4 TCF based on a gas-inplace of 10.9 TCF.

'Drillsearch is very encouraged by the results of the independent review for the overall unconventional resource prospectivity of the our permit areas in the Western Cooper,' Drillsearch Managing Director, Brad Lingo said.

'Our own exploration drilling in this area has shown that there are multiple, thick coal seams and the well logs has indicated significant gas contents. Previously this has been considered a drilling problem rather than an opportunity worth exploring further.'

Tags: Drillsearch Energy