Pure Hydrogen Corporation Limited has provided an update on the commencement of work programs at its two coal seam gas (CSG) projects in Australia and Botswana.
The Venus CSG Project, 100 per cent owned by Pure Hydrogen, is located in the Surat Basin, Queensland.
After the successful enhancement of the highly saturated upper Juandah coal seams last month and delays experienced due to unseasonal rain, the completion of Pure Hydrogen’s first Walloon CSG pilot well on Project Venus is scheduled to commence today.
The well will be set up for a controlled three-month draw down test, which has been designed to demonstrate gas breakout and increasing gas flows from the highly saturated upper Juandah coal reservoirs.
694 petajoules (PJ) of prospective gas resources has been certified for the Venus CSG Project and an upgrade of this resource is expected this quarter.
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.
As for the Serowe Project in Botswana, the first of six appraisal wells as part of a fully carried $6 million farm-out program is due to spud next month.
The six locations were firmed up after an extensive internal mapping program by the operator, Botsgas Pty Ltd.
The six-well appraisal program includes steps outs ranging from 4 to tens of kilometres. The program is designed to upgrade the 2.38 trillion cubic feet (TCF) of interpreted high-grade CSG (high saturated bright Serowe coals) prospective gas resources certified to date.
Successful appraisal wells will be cased and suspended for subsequent completion and controlled draw down testing similar to the Venus Pilot well.
Pure Hydrogen’s Managing Director, Scott Brown, said Pure Hydrogen’s CSG projects have significant upside and these work programs have the potential to deliver material value for shareholders within a relatively short timeframe.
“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 projects, whether they are CSG or hydrogen. I look forward to reporting on the progress of both,” Mr Brown said.
