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Friday, March 6, 2015
WHL Energy provided an update to its prospective resources offshore Seychelles based on the interpretation of a preliminary PreSTM volume of the Junon 3D seismic survey. Detailed interpretation of the data has firmed up key prospects in the Junon area which were initially identified by the previous regional 2D seismic survey, enabling a revision to the prospective resources for these prospects.
The company said that the Junon South East, Junon, Central, Junon South, and Junon West prospects have been high graded. Prospective resources for these Junon 3D prospects are tabulated at 531 million barrels combined; with seven key leads outside the Junon 3D seismic survey area having prospective resources totaling 1.8 billion barrels. Arising from the 3D seismic interpretation, the Junon Central and Junon South East prospects have developed into better defined and very substantial opportunities, with 209 million barrels and 214 million barrels respectively.
Commenting on the results, WHL Energy Managing Director, Mr David Rowbottam said, “It is pleasing to report continued strong progress with our Seychelles asset. Our in-depth work has confirmed Junon Central and Junon South East as both being highly material opportunities with best estimate Prospective Resources in excess of 200 Mmbbl, along with follow-up potential at Junon South. It is also encouraging that prospects and leads which were initially identified on the regional 2D seismic grid have developed into potentially substantial prospects with the 3D seismic acquisition. This provides confidence that the high upside potential identified in the Beau Vallon structure and the Junon North trend prospects, which are currently only defined on 2D seismic, will potentially develop into valuable prospects with further 3D seismic acquisition. If our JV partner Ophir Energy elects to continue to the drilling phase under its farm-in agreement then these are the likely targets of future seismic acquisition.”
Rowbottam also reported: “The maps used by WHL Energy to compile the latest estimates will not be released until the operator has completed their review.” The JV is currently undertaking PreSDM processing of the Junon 3D seismic data set to provide optimum data quality and the PreSDM data is expected to be received in May 2015.
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