Jade Completes 2D Seismic Program at TTCBM Gas Project

Source: www.gulfoilandgas.com 9/18/2023, Location: Asia

? 2D Seismic Survey completed covering 105km of the Red Lake contingent resource area of 246 Bcf1
? Processing of the seismic data is underway by contractor, Earth Signal
? Data acquired will be used to finalise planning for upcoming pilot production

Jade Gas Holdings is pleased to confirm the completion of a 105km 2D Seismic Program at the TTCBM Project, in the south Gobi region of Mongolia.

Red Lake Area 2D Seismic Survey Completed
Jade's Seismic Survey (ASX Announcement 6 July 2023) covering the Red Lake 246 Bcf1 contingent resource area in the south Gobi region of Mongolia, has been completed on time and on budget by specialist Mongolian contractor Geosignals LLC.

A total of 105km of high quality 2D seismic data was acquired which will provide enhanced geological data coverage of the Red Lake area in the TTCBM Project. The data acquired is an important component to assist our technical team as they finalise planning for the upcoming pilot lateral well drilling.

The 2D survey is a key to optimising success of the project by identifying potential changes in the coal seam along the path of the wells based on the seismic response. Specifically, the 19-line survey was designed to:
? Delineate the coal seams to assist with steering the forthcoming lateral wells in the target seams, maximising contact with the coal and de-risking the wells by identifying potential geological hazards before drilling;
? Better visualise the structure of the entire Red Lake area, looking for structural flexes that may indicate areas of improved permeability; and
? Identify potential zones of seam thickening where resource concentration will be higher.

Renowned data processing company, Earth Signal Processing Ltd, has been engaged to process the seismic data from the survey, with interpretation to commence shortly thereafter.

Commenting on the completion of the 2D Seismic Survey, Jade Executive Director, Joe Burke, said: “We are pleased to conclude the acquisition of seismic data that will be used to finalise planning for our upcoming pilot production program. The team has done a tremendous job delivering this on budget and schedule as we continue to focus on our commercial pathway to first gas production.”

Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.