Pure Hydrogen has increased its coal seam gas (CSG) resources at Project Venus in Queensland, with the upgrade confirming a maiden 2C contingent resources of 130 petajoules.
The independent review of its Surat Basin CSG resources was completed by Sproule Inc, with the resource upgrading being a portion of the 694 PJ of prospective resources in project Venus with the balance of 536 PJ remaining as prospective resource.
Managing director Scott Brown said the company was pleased with the findings from the independent review of Venus.
“Our CSG assets in the Surat and in Botswana have significant potential and we look forward to reporting on material progress as both work programs advance,” he said.
In addition, the company has also commenced a three month controlled draw down flow test of its pilot well, Venus 1.
Pure Hydrogen confirmed that early results after a small drawdown resulted in water flows which have been increasing.
The coming is confident that a successful flow test at Venus pilot result in conversion of a material portion of the continent resources to saleable gas reserves.
Last month Pure Hydrogen reported the beginning of completion of the pilot well, following the work over rig being mobilised.
The results of the initial flow test program will be used to design an expanded pilot, plan potential future field development and estimate water handling requirements.
“Our CSG assets are an integral component of our broader energy portfolio and the commencement of activities this week demonstrates our commitment to advancing all of our project,” Brown said.