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Eaglewood Energy provides Stanley Unitisation update


Published Sep 6, 2012
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Eaglewood Energy Inc.

Eaglewood Energy Inc. provide an update on the unitisation of the Stanley Hydrocarbon pool that encroaches into Eaglewood's Petroleum Prospecting License 259 in Papua New Guinea.

The Corporation acquired two 2D dip seismic lines over the western extent of the Stanley Field in April 2012.

Following the interpretation of these lines and a review of data from wells drilled in Petroleum Retention Licence 4 (Joint Venture participants: Horizon Oil Ltd. (Horizon): Mitsubishi Corporation: Talisman Energy Inc.; (Talisman)), Gaffney, Cline & Associates (GCA), an independent qualified reserves evaluator, prepared a resource estimate for the Corporation. While the in-place numbers are currently being reviewed by the Corporation, GCA did confirm an encroachment of the Stanley Field into PPL 259.

Tags: Eaglewood Energy



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