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PESA Qld Shortcourse Feb22-23

Wednesday, February 22, 2017 @ 09:00 - Thursday, February 23, 2017 @ 17:00

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Guest Speaker: David Lowry

David Lowry graduated with B.Sc. (chemistry) and M.Sc. (Hons, Geology) from Auckland University. He worked as a field geologist for GSWA, as a well site geologist, and as an exploration geologist for WAPET, Lasmo, Sagasco and Origin Energy. He also consults when the oil price is high.

He has published numerous papers on a wide variety of exploration topics. Particular interests are prospect risk analysis, geochemistry, earth modelling, seals and hole stability. He was instrumental in developing the prospect risking systems at Origin Energy and this work was published in a landmark paper in APPEA 2005.

Peripheral interests have included speleology, ocean cruising and redclaw aquaculture.


PESA QLD Shortcourse

Date: 22-23 February, 2017

Time: 9am – 5pm each day

Venue: The Terrace Room, Royal on the Park, Alice Street, Brisbane QLD 4000

Presenter: David Lowry

Details: The course runs for two days.  Morning tea, lunch and afternoon tea are provided.  Attendees are asked to bring a laptop or iPad along.  Course notes will be provided on USB.

Course Outline:

The course is spread over 2 full days.  Day 1 starts with a simple introduction to valuing a prospect (time value of money, NPV, EMV,  Investment Efficiency etc.).  The rest of the day is devoted to estimating volumetrics, and focuses on uncertainty, and selection of a probability distribution for each parameter.  The course covers the basic concepts covered by Rose (2001) and demonstrates how they can be improved.

Day 2 is spent mostly on risking of exploration prospects.  The course covers the basics of Rose (2001) and again shows how the concepts can be advanced.  Unconventional resources, software and corporate challenges are reviewed.  Time permitting the lectures will explain the use of Bayes’ Theorem to risk a prospect with a DHI.

The course uses Australian examples accumulated from David’s long experience of Australian exploration.


Important Note:

The course price includes attendance at David’s PESA Technical Luncheon held on Day 2 (23rd Feb)

Full details of the lunchtime talk can be found here


Wednesday, February 22, 2017 @ 09:00
Thursday, February 23, 2017 @ 17:00


Royal on the Park
Corner Alice and Albert Streets, Brisbane, QLD 4000 Australia
+ Google Map
07 3221 3411


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