Petromin Resources Ltd. – Greatly increased gas content combined with very thick coal in two formations confirmed in initial results of 2009 CBM drilling
TSX.V Symbol: PTR
As previously reported, the 2009 drilling program included testing coal drill core samples taken from both the Xishanuyao (“J2X”) and Badaowan (“J1B”) formations.
Well LHG 09-03 was drilled to total depth of 726 meters (“m”) and intersected over 50m (165 feet) of J2X coal. Coalbed methane (“CBM”) desorption testing was initiated as planned and the results indicate the J2X to have greater gas content than previously anticipated. Gas content as calculated to the end of
The initial gas desorption results for the J2X from 2006 exploration drilling had ranged to a maximum of 100scf/t in wells LHG 06-01 and LHG 06-02.
Desorption results for J1B coal samples taken from wells LHG 09-01 (749m total depth) and LHG 09-02 (844m total depth) indicate the J1B coal to be generally higher in gas content than the J2X as test results are reported to range from 105.98 to 335.43 scf/t and 86.74 to 350.49 scf/t, from the two wells respectively. The multiple J1B coal seams have an average net aggregate thickness of 19.15m (63.2 feet).
Each of the two target formations represents a viable CBM prospect on a stand-alone basis. Taken together, the total average net thickness of the two coal seam packages (44.9m or 148.7 feet) and the latest gas content results represent a unique CBM prospect in the world when compared with major CBM producing or exploration basins. Reported gas contents and seam thicknesses are for coal only and do not include other formation rocks or coal seam surrounding rocks which were sampled and analyzed separately. These other rocks including shale are being analyzed at labs in
CBM desorption testing of the coal samples was completed by the Laboratory of the Xinjiang Coal Bureau in Urumqi, Xinjiang,
(A comparison of net coal thickness, production well spacing and gas content between Junggar Basin and other major CBM producing basins around the world is presented below.)
(Comparison of CBM Reservoir Characteristics of
Junggar Basin and Major Producing Basins)
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Typical Typical Annual
Typical Well Gas Basin
Net Coal Spacing Content Production
Basin Formations Description (m) (Acres) (scf/t) (2006)
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San Juan Fruitland Bituminous 20-25 320 430 1 Tcf
USA Coal
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Black Pottsville Bituminous 8-10 80 350 127 Bcf
Warrior Coal
USA
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Piceance Williams Bituminous 20-25 60-80 750 4 Bcf
USA Fork Coal
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Raton Raton, Bituminous 10 160 350 105 Bcf
USA Vermejo Coal
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Western Horseshoe Sub-bit/low 10-15 80 60 323 Bcf*
Canadian Canyon Vol Bit C
Sedimen-
tary
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Surat Walloon Bituminous 20 160 125-350 Not available
Australia Coal
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Kutai Pranget Sub- 20 tbd 50+ Not in
Indonesia bituminous (est) commercial
Coal production
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TWE Liuhuanggou Project under the PSC
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Junggar Xishanyao Sub-bit/low 25.74 80-160 30-269
Xinjiang (J2X) Vol Bit C (Potential)
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Badaowan Sub-bit/low 19.15 80-160 50-350
(J1B) Vol Bit C (Potential)
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TOTAL
J2X+J1B 44.9 80-160 30-350
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Sources: US GRI, 2004; Stevens, S. “Indonesia Coalbed Methane Indicators and Basin Evaluation”, 2004;
http://www.eia.doe.gov/oil_gas/rpd/cbmusa2.pdf
TWE holds a 47% interest in the Liuhuanggou Production Sharing Contract (PSC) executed in
About Petromin Resources Ltd.
Petromin is progressive international petroleum and natural gas exploration and Production Company listed Tier 1 on the TSX Venture Exchange. Petromin was ranked 24th of the Top 100 Fastest Growing Companies in BC by Business in
On Behalf of the Board of Directors
Dr. A
Co-Chairman and President
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Petromin Resources Ltd.

