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Lubelski Węgiel
Lubelski Węgiel Bogdanka S.A.

LW Bogdanka finished drilling of boreholes under the prospecting license for the Ostrów deposit

Tuesday, 2016-07-19

Bogdanka, 19 July 2016

 

 

LW BOGDANKA FINISHED DRILLING OF BOREHOLES UNDER THE PROSPECTING LICENSE FOR THE OSTRÓW DEPOSIT

 

LW BOGDANKA S.A. finished drilling works related to drilling of two boreholes under the prospecting license for the Ostrów deposit.

The works covered drilling of two boreholes where hydrogeological, geological and engineering as well as gas studies were conducted among other studies, which will allow a thorough analysis of geological substratum. Drilling works were performed in the town of Dratów Kolonia in the Ludwin commune.

The works were performed under the prospecting license granted to the Company in June 2014. In total, three wells were made under the said license.

Based on the exploratory drilling, Bogdanka is planning to develop a supplement to geological documentation, prepare the Ostrów deposit development project and request the Minister of Environment in Q1 2017 for an exploration license for the Ostrów deposit.

Obtaining new exploitable resourcesis one of the strategic objectives of LW Bogdanka S.A. As a result of gaining access to the Ostrów deposit, the Company’s exploitable resources may increase by approx. 200-350 million tonnes (depending on the exploration license conditions)versus approx. 230 million tonnes at present. It means that the mine lifecycle can be extended from approx. 2042 (assuming current production level) to even 2080.

The Company also has the prospecting license for the Orzechów deposit and continues its efforts to obtain the exploration license for the K-6, K-7 deposit. All the aforementioned deposits are located in close vicinity to Bogdanka and constitute its natural supply base.  Extraction of the Ostrów and K-6, K‑7 depositsmay be started with the use of the existing infrastructure without the capital-intensive construction of new shafts. This in turn guarantees maintenance of high productivity of the mine where at present the underground labour productivity is over two times higher than the Poland’s average in the hard coal mining sector.


In coal mining nothing happens overnight. The actions we take today to significantly expand exploitable resourcesare to secure future development of Bogdanka and stable supply of resources for the Enea Group. We wish to extend the mine’s lifecycle at least by 2080, thus ensuring jobs and employment stability for future generations of miners as well as Bogdanka’s support for development of local communities and the entire Lublin region for several decades. Doubling the coal reserves will also materially contribute to building the Company’s value for shareholders,” said Krzysztof Szlaga, President of the Management Board of LW Bogdanka S.A.

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