FDE has received the long-awaited Bleue Lorraine concession (>191 km2) to develop coalbed methane (CBM) in Lorraine, France. The company de-risked the CBM acreage with prior drilling and has been waiting years for permits to develop the gas. In 2018, reserve auditor MHA, certified FDE’s permit area to contain ~137bcf (43TWh or 22mmboe) of 2P recoverable gas or 236bcf on a 3P basis and independently valued it at €318mm (equivalent of €61/sh) at a gas price of €28/MWh. There is also contingent res ....
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24 Nov 2023
FDE: Grant of Bleue Lorraine Permit Allows the Monetisation of Large Coal Bed Methane Reserves
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FDE: Grant of Bleue Lorraine Permit Allows the Monetisation of Large Coal Bed Methane Reserves
La Francaise de l'Energie SA (FDE:PAR) | 0 0 0.0%
- Published:
24 Nov 2023 -
Author:
Anish Kapadia -
Pages:
9 -
FDE has received the long-awaited Bleue Lorraine concession (>191 km2) to develop coalbed methane (CBM) in Lorraine, France. The company de-risked the CBM acreage with prior drilling and has been waiting years for permits to develop the gas. In 2018, reserve auditor MHA, certified FDE’s permit area to contain ~137bcf (43TWh or 22mmboe) of 2P recoverable gas or 236bcf on a 3P basis and independently valued it at €318mm (equivalent of €61/sh) at a gas price of €28/MWh. There is also contingent res ....