About Fluid Energy Consultants

MBA was arguably the largest petroleum geological consultancy in Australia (turnover of $8 million/annum), with the broadest range of skills. It was influential in the coal seam gas industry in Queensland, assisting small companies who were instrumental in the early days of CSG exploration, such as Sunshine Gas and Pure Energy. MBA performed a number of the large and complex Due Diligence studies worth hundreds of millions and even billions of dollars. Fluid Energy is building on the back of this previous success.

Fluid has a huge geological data base that spans the Walloon and Bowen Basin CSG plays and includes gas content and well performance data. A comprehensive report including all open file core holes has been compiled, includes Walloon Sub-group (WCM) Best Estimate of OGIP, produced gas and Remaining Recoverable Resource. A similar report is being compiled for the Northern Bowen Basin.

A due diligence undertaken in relation to the QCLNG and Arrow gas sales deals required analysis of WCM coal thickness and gas content, decline curve analysis and construction of an economic model, including comprehensive CAPEX and OPEX undertaken on areas within the Walloon.

A recent study for a major Japanese company reviewed most plays, CSG, conventional and Shale Gas, exposed to the East Coast gas Market. This extended from the Gunnedah Basin, to Galilee through Surat and Bowen and to norther tip of the Bowen Basin. Fluid’s extensive data base was employed to be able to describe the plays and their potential in terms of resources and chance/timing of development.

Experience continues to the Cooper Basin where the principals have worked for many years and have basin-wide and play-wide data and understanding of the gas production potential from conventional sandstone reservoirs and from coal and shale gas. The same can be said for the Bowen Basin section underlying the Surat Basin, where there are deep sandstone reservoirs, thick Permian coals and some shale gas potential.

The principals are also familiar with other gas provinces that may bring gas into SE Queensland, such as Central Petroleum’s acreage in the Northern Territory.

A number of projects have been undertaken on CSG potential in China, including for CFT in dealings with Longmay and for Good Hope (Chinese company) on their acreage in the Qushin Basin.

The company has comprehensive strategies for assessing and classifying potential oil and gas resources under SPE PRMS, and determining the chance of success (COS), both for exploration/finding success and for commercial success.

Fluid Energy has written ten (10) Independent Expert Reports and five (5) Valuations in the past three years, including conventional exploration/development assets and CSG exploration/development (MBA/AWT carried out more than seventy (70) Independent Expert Reports, many for IPO, and forty (40) valuations).

The company has employed its proprietary economic model on these projects. The model is both comprehensive, such as in its treatment of Government royalty and tax, and small enough that it is relatively easy to use and follow. It has been adopted by a major gas off-take company to analyse a particular CSG asset.

Fluid Energy and MBA/AWT have provided reports for inclusion in documents submitted or intended for submission to the Australian Stock Exchange, the AIM in London, Hong Kong Stock Exchange and the Oslo Stock Exchange describing and valuing conventional oil and gas, CSG and Shale Gas assets.

The directors of Fluid Energy are familiar with the workings of data rooms, having attended many and having constructed these for clients. Due Diligence, Resource Classification and Valuations are a particular focus of Fluid Energy Consultants, though are not the limit of the work-types being carried out. For example, Fluid Energy has a hard-won Labour Hire Agreement with Westside Petroleum and provides the services of two talented professionals that work inside Westside’s office.