GAS WELL DRILLING – BASS STRAIT (VIC AND TAS)

Exxon’s $120m Bass Strait bet fails to deliver gas

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Original article by Matt Chambers
The Australian – Page: 17 & 27 : 15-Nov-18

ExxonMobil Australia chairman Richard Owen has advised that a drilling program at the Dory gas prospect in Bass Strait has failed to yield commercial quantities of hydrocarbons. ExxonMobil drilled the Baldfish and Hairtail wells at a cost of $120m, with the hope of finding a new source of gas for the Longford processing plant in Victoria. Owen says ExxonMobil is optimistic that it will have success in future exploration of the VIC/P70 permit.

CORPORATES
EXXONMOBIL AUSTRALIA PTY LTD, EXXONMOBIL CORPORATION, LIBERTY PETROLEUM, BHP BILLITON LIMITED – ASX BHP, APACHE ENERGY LIMITED

Exxon coy on Bass drill test

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Original article by Matt Chambers
The Australian – Page: 17 & 20 : 16-Oct-18

ExxonMobil has advised that it is evaluating data from its Baldfish gas well in Bass Strait, but its lack of disclosure regarding the drilling program has prompted speculation about a large gas find. The gas well is located within the Dory prospect, which ExxonMobil acquired in 2017. Australian Industrial Energy has estimated that it could potentially cost at least $4bn and 10 years to develop the Dory field. AIE has advocated the construction of an LNG import terminal.

CORPORATES
EXXONMOBIL CORPORATION, AUSTRALIAN INDUSTRIAL ENERGY PTY LTD, LIBERTY PETROLEUM, APACHE ENERGY LIMITED, BHP BILLITON LIMITED – ASX BHP