RLE spuds second exploration well in Queensland’s Cooper Basin
Real Energy Ltd (ASX:RLE) has just spudded its second exploration well – Queenscliff-1 – in the Cooper Basin, following the successful drilling of its maiden well Tamarama-1 which found significant gas shows.
Independent geological studies indicate a Basin Centred Gas (BCG) play runs through RLE’s 100% owned two million acre land bank in the Cooper. The Tamarama-1 well confirmed the presence of two gas -saturated formations – Toolachee and Patchawarra – at its ATP 927P tenement.
Tamarama-1 capped after hitting gas shows
Tamarama-1 was drilled to a depth of 2,574m at RLE’s ATP 927P tenement and encountered 21m of net sandstone gas pay (from gross 44m) in the Toolachee formation and 66m of net sandstone gas pay (from net 44m) in the Patchawarra formation.
RLE says these readings confirm gas saturated Toolachee and Patchawarra formations at the Tamarama-1 location.
Drilling underway for Queenscliff-1
Queenscliff-1 is designed to further explore the Toolachee and Patchawarra gas formations down dip from Tamarama-1. It’s also aimed at widening RLE’s knowledge of its potential BCG, determining reservoir productivity and taking samples of the Toolebuc shale oil formation.
The Queenscliff-1 well is located 12.85km to the west of Tamarama-1 and will be drilled to a planned depth of 3,113m. The well was spudded on the 8th of October and last reported to be at a depth of 35m.
RLE says well operator Ensign, the same company that drilled Tamarama-1, should take two and half weeks to complete the job.