WHL Energy revises Junon Prospective Resources Estimate in Seychelles

Australian energy company WHL Energy has provided an update to the Prospective Resources in our Seychelles acreage following interpretation of a preliminary PreSTM volume of the Junon 3D seismic survey.

According to a detailed interpretation of the Junon PreSTM 3D data by WHL Energy the company  has firmed up key prospects in the Junon area which were initially identified by the previous regional 2D seismic survey, enabling a revision to Prospective Resources for these prospects to over 200MMbbl in the Junon Central and Junon South East prospects.

Four key structures have been high-graded within the Junon 3D area, being the Junon South East, Junon Central, Junon South and Junon West prospects. Prospective Resources* for these Junon 3D prospects are tabulated, along with key leads outside the Junon 3D seismic survey area.

“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,”  says WHL Energy Managing Director David Rowbottam.

Seychelles Resources

Rowbottam  adds that the seismic interpretation also 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 plc elects to continue to the drilling phase under its farm-in agreement then these are the likely targets of future seismic acquisition,” Mr Rowbottam said.

The maps used by WHL Energy to compile the latest estimates will not be released until the Operator has completed their review.

The Joint Venture 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.

Author: OilNews

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