European Gas (ASX: EPG) is laying out plans to start converting its contingent coal seam gas resources of up to 7.5 trillion cubic feet of gas in France into gas reserves.
The company said it was now focusing its efforts on a drilling campaign that would convert its resources in the Lorraine and Nord Pas de Calais regions into reserves.
European Gas has over the last 9 months completed a major geological modelling exercise of the areas it believes have gas potential.
Large 3- dimensional models were constructed incorporating the information from about 500 wells, numerous seismic surveys and mining data as well as data from the ongoing gas flow test at the company’s Folschviller-2 well.
These models were also used by BeicipFranlab to estimate the resources.
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