Ephindo has an effective economic interest of 27% in the Kutai CBM PSC, via its holding in Kutai West CBM Inc. (KWCI). The joint venture is operated by Newton Energy Capital Ltd, with technical and operational support from KWCI.
Kutai Block was awarded on 13 November 2008 and originally covered an area of 869 km2, but has since been reduced to 782 km2 following a 10% mandatory relinquishment. It is contiguous with Ephindo’s Kutai II CBM PSC, and in close proximity to the Bontang LNG plant.
To date, two core-to-exploration wells and two exploration wells have been drilled, fulfilling the three-year firm commitment. Coal is sub-bituminous with seams typically being 1-3m each and total net coal expected to be 20-40m. Gas content from the KW-CBM-01 well were in the range 4.22-8.75m3/t (AR) and composition was over 96% CH4 or higher.
|Total Area||782 sq. km²|
|Typical Seam Thickness*||1-3m|
|Effective Participating Interests|
|Newton Energy (joint-operator)||55.0%|
|*Held via Kutai West CBM Inc.|
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