LOCATION
Immediately to the south of the Kogan project in the Surat Basin, approximately 30km west of Dalby in southeast Queensland, Australia.
EQUITY
Arrow is the 100% owner and operator of the Daandine field.
FIRST GAS
The Daandine Project produced first gas in September 2006.
GAS CONTRACTS
The gas produced from Arrow’s Daandine field is currently supplied to the Daandine Power Station, located in close proximity to Arrow’s operations at Kogan North and Daandine. Arrow has a Gas Tolling Agreement with a subsidiary of the APA Group which provides for the ownership and operation of the 27.4 MW Daandine Power Station. The agreement establishes a commercial mechanism for Arrow to feed coal seam gas from the Daandine project into the power station and to off-take electricity for sale by Arrow to New South Wales Government-owned retailer Country Energy under a long term Power Purchase Agreement. First electricity was generated in December 2006. Any available but unused ramp-up gas from the Daandine field is being sold to CS Energy.
Arrow also has a commercial agreement to supply gas from the Daandine field to AGR Group company, Liquegas Energy, for use as a feedstock to their proposed LNG Plant. Our agreement with Liquegas is initially for two petajoules (PJ) per annum over a period of 15 years. First gas supply is expected in 2009.
GAS PRODUCTION
Total gas production for the year ended 30 June 2008 was 2.7 PJ. Arrow is targeting a gross production target of 3.5 PJ in fiscal 2009.
ELECTRICTY SALES
Total electricty sales for the year ended 30 June 2008 were 233,788 MWh.
RESERVES
Reserve certifiers Netherland, Sewell and Associates Inc. (NSAI) of Dallas, Texas have confirmed a sizable reserves base at the Daandine field with the certification resulting in 1P, 2P and 3P gross reserves of 45 PJ, 148 PJ and 331 PJ respectively.
PRINCIPLE EXPLORATION TARGETS
Walloon Coal Measures CSG
Immediately to the south of the Kogan project in the Surat Basin, approximately 30km west of Dalby in southeast Queensland, Australia.
EQUITY
Arrow is the 100% owner and operator of the Daandine field.
FIRST GAS
The Daandine Project produced first gas in September 2006.
GAS CONTRACTS
The gas produced from Arrow’s Daandine field is currently supplied to the Daandine Power Station, located in close proximity to Arrow’s operations at Kogan North and Daandine. Arrow has a Gas Tolling Agreement with a subsidiary of the APA Group which provides for the ownership and operation of the 27.4 MW Daandine Power Station. The agreement establishes a commercial mechanism for Arrow to feed coal seam gas from the Daandine project into the power station and to off-take electricity for sale by Arrow to New South Wales Government-owned retailer Country Energy under a long term Power Purchase Agreement. First electricity was generated in December 2006. Any available but unused ramp-up gas from the Daandine field is being sold to CS Energy.
Arrow also has a commercial agreement to supply gas from the Daandine field to AGR Group company, Liquegas Energy, for use as a feedstock to their proposed LNG Plant. Our agreement with Liquegas is initially for two petajoules (PJ) per annum over a period of 15 years. First gas supply is expected in 2009.
GAS PRODUCTION
Total gas production for the year ended 30 June 2008 was 2.7 PJ. Arrow is targeting a gross production target of 3.5 PJ in fiscal 2009.
ELECTRICTY SALES
Total electricty sales for the year ended 30 June 2008 were 233,788 MWh.
RESERVES
Reserve certifiers Netherland, Sewell and Associates Inc. (NSAI) of Dallas, Texas have confirmed a sizable reserves base at the Daandine field with the certification resulting in 1P, 2P and 3P gross reserves of 45 PJ, 148 PJ and 331 PJ respectively.
PRINCIPLE EXPLORATION TARGETS
Walloon Coal Measures CSG
