• Curzon Energy is 100% owner and operator of approximately 47,000 acres of known and tested Coalbed Methane (CBM) Gas accumulations in the Coos Bay area of Oregon
  • Eocene aged Coal Bed Methane Gas in Coos Bay Oregon at a depth from 4000 ft to the surface
  • CBM is created during the formation of coal. Methane is trapped by water within a coal seam. Relatively low cost wells are drilled into the coal seam and when the water is pumped out the coal starts releasing methane gas.
  • Previous operator has spent C. $37m to date and has drilled 5 wells and laid 4 miles of pipeline running from these 5 wells.
  • Regional Coos Bay pipeline has a capacity of 3.9 BCF/day.
  • Nearby wells test up to 500 Mscf/day, with an economic well being 100Mscf/day at current development costs
  • The Coos Bay asset contains 86 to 419 BCF of contingent resources and up to 1,000 BCF of CBM gas in-place, and an average gas content of 148 scf/ton.
  • Total net thickness up to 70+ ft from over 10 coal seems, and average permeability of 6 md
  • CBM wells are different from conventional gas wells as they tend to be cheaper to drill as are mainly a lot shallower, CBM wells also produce gas for a lot longer than conventional gas wells.