Eden Hopes Shale, CBM Resources More Than Prospective
Eden Energy says that two independent expert groups have identified significant prospective resources of shale gas and coal-bed methane on the company's UK licenses.
The Australian based explorer commissioned the two groups several months ago in respect to the potential of its UK’s gas assets, which comprise in total joint venture interests in 17 Petroleum Exploration and Development Licenses (PEDLs) in South Wales, Kent and Bristol/Somerset covering a total area of more than 1,800 square kilometers and taking in very large portions of the coal fields and surrounding basins in these three areas of the UK.
RPS Group Plc reported the unrisked P90 Resource Volumes of Shale Gas in the Numurian Measures on 7 PEDLs in South Wales in which Eden holds a 50% interest (covering a prospective area of 806 square kilometers). Results were 34.198 TCF of Volume of Gas Initially in Place (GIIP) (Eden’s share – 17.099) and a Recoverable Volume of 12.799 TCF of gas (Eden’s share – 6.349 TCF).
RISC reported on an estimated Gross Contingent Resources of CBM contained in the 10 PEDLs in South Wales (covering a prospective area of 247 square kilometres) in which a 1C to 3C range of 687 - 1,363 BCF with a 2C estimate of 980 BCF. The Gross unrisked Prospective Resource of CBM contained in the 17 PEDLs in South Wales, Kent and Bristol Somerset (covering a prospective area of 1068 square kilometers) in which Eden holds an interest were a low to high estimate of 1,903 - 4,990 BCF with a best estimate of 3,088 BCF.
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