Ansila is targeting Gora’s wider gas potential
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Special Report: Ansila has its eyes on the conventional gas potential of its Gora licence and is also progressing the work program for its Nowa Sol unconventional oil project.
Ansila Energy (ASX:ANA) will soon have a firm idea on the commerciality of the Siciny-2 contingent resources of 1.6 trillion cubic feet (Tcf) of unconventional gas in the Carboniferous reservoir in Poland’s Gora licence, with a long-term transient pressure build-up test and post operational data analysis now underway.
But the company is not sitting around waiting for results before making its next move.
Over 7 Tcf of gas has been discovered in the Rotliegend in Poland, home to Ansila’s Gora license. This is a proven-producing reservoir in the Polish Permian basin.
Ansila recently purchased a reprocessed 3D seismic dataset that has markedly improved structural imaging of the Rotliegendes interval hosting conventional gas prospects that could amount to a total of 210 billion cubic feet of gas in the Gora licence.
This is addition to the estimated 1.6Tcf of unconventional gas resource potential.
The data will be used to generate a new inventory of drill-ready prospects across this part of the licence.
Ansila also flagged the potential to reprocess and reinterpret the existing 3D seismic data across Siciny to evaluate the prospectivity of the Rotliegendes in this part of the licence.
While the company’s unconventional gas operations at Siciny-2 have focused on the deeper Carboniferous play, the well also contains 21m of gas pay in the shallower Rotliegendes interval.
An application for a production licence over the Nowa Sol unconventional oil concession has also been submitted by operator Gemini Resources and is expected to be approved by the end of the current quarter.
Nowa Sol has estimated resources of about 36 million barrels of oil and the joint venture plan to re-enter the Jany-C1 well that encountered good oil shows within the tight Dolomite formation during drilling in 2013.
Jany-C1 will be subject to a single stage frack before a flow test is carried out in 2020.
Ansila has also made a strategic investment in a UK private company that has made two applications for seven contiguous blocks in the recent UK 32nd Offshore Licensing Round.These blocks contain multiple fields with undeveloped gas resources and drill-ready exploration prospects.
The company added that it has identified a number of asset and corporate opportunities that satisfy its criteria and is currently holding discussions with the vendors.
Ansila is looking for projects with existing discoveries, modest capital entry requirements, material appraisal and exploration upside as well as near-term activity to value creation events.