Staggering WA find raises cheap LNG hope

Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 21 : 29-Aug-19

Warrego Energy MD Dennis Donald is bullish about the potential resource at the West Erregulla-2 gas discovery in Western Australia. Warrego and joint venture partner Strike Energy recently announced encouraging results from a drilling at the West Erregulla-2 well in the North Perth Basin. Donald says it may be part of a much larger onshore conventional gas resource that could prove to be more economical to develop for LNG production than some offshore gas fields.

CORPORATES
WARREGO ENERGY LIMITED – ASX WGO, STRIKE ENERGY LIMITED – ASX STX, BEACH ENERGY LIMITED – ASX BPT, MITSUI AND COMPANY LIMITED, AWE LIMITED, RBC CAPITAL MARKETS, WESFARMERS LIMITED – ASX WES, CSBP LIMITED

Santos makes major gas discovery off WA

Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 17 : 17-Apr-19

Santos has had promising results from a drilling program at its Corvus-2 well in the WA-45-R permit, which it acquired via the takeover of Quadrant Energy. Wood Mackenzie has suggested that the Corvus-2 discovery may hold 2.5 trillion cubic feet of gas and 25 million barrels of condensates. Meanwhile, Oil Search has reported revenue of $US398.1m for the March quarter, which is 21 per cent lower than the three months to December. Production fell by three per cent, to 7.25 million barrels of oil equivalent.

CORPORATES
SANTOS LIMITED – ASX STO, OIL SEARCH LIMITED – ASX OSH, WOOD MACKENZIE

Woodside shuts Pluto as rig comes adrift

Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 17 : 17-Mar-15

Woodside Petroleum has stopped production at its Pluto LNG field in Western Australia. On 16 March 2015, a cyclone caused a drilling rig to be torn from its moorings. As the rig drifted 5.5 km towards the Pluto field, a shutdown was ordered to protect the plant from damage. It could take up to 30 days to repair the rig

CORPORATES
WOODSIDE PETROLEUM LIMITED – ASX WPL, CHEVRON CORPORATION, AUSTRALIA. NATIONAL OFFSHORE PETROLEUM SAFETY AND ENVIRONMENTAL MANAGEMENT AUTHORITY