COOPER basin-focused oil and gas explorer Real Energy Corporation has confirmed a gas discovery at its Queenscliff 1 well – the first it has drilled in the area.
The company plans to drill two wells in ATP 927P, in the Queensland portion of the Cooper basin, with Queencliff 1 the first to be completed in March.
Targeting the lower Toolachee Formation- upper Patchawarra Formation interval, the well was perforated and flow tested between 3048.4 metres and 3110.1 metres.
It flowed at a rate of about 0.2 million cubic feet per day during the clean up flow, with flowing pressure of about 131 psi.
Initial preliminary field tests from the field indicated a carbon dioxide rate of 14 per cent, which the company said was in line with expectations. There was no formation water detected.
Real Energy managing director Scott Brown said the results prove the existence of basin centred gas in the area.
“It is extremely encouraging that Queenscliff-1 has been confirmed as a gas discovery well, with gas flowing to surface without fracture stimulation,” he said.
The company was now in a strong position to independently certify gas resources that will have a significant material impact on the company, he said, representing another step towards the group developing a large Tier 1 gas development in the Cooper basin.
“Queenscliff-1 was drilled on the low, which indicates that the gas is not structurally dependent. Instead, gas is likely to exist wherever the formation is present in this area, and as a result the volume of gas contained in these formations is likely to be extremely large,” he said.
“We will undertake further testing on both wells over the coming weeks and assess the resulting data. The company will also consider simulating the wells and the best completion techniques going forward.”