Cooper Basin focused oil & gas exploration company Real Energy Corporation informed that it has been successful in its tender for Queensland Petroleum Land Releases PLR 2014-1-4, located to the east of ATP927P and south of ATP917P.
The permit covers an area of approximately 1,043 km2 and will increase Real Energy’s total acreage position in the Cooper Basin to 9,357 km2, the company said in a statement.
Real Energy believes the permit is prospective for the basin centred gas play in the Toolachee and Patchawarra formations, which the Real’s exploration activities are focused on, as well as a number of leads and prospects for Conventional Oil.
Real Energy’s Managing Director, Scott Brown said, “Our next priority is to flow test both the Queenscliff-1 and Tamarama-1 wells in several zones in the Toolachee and Patchawarra formations.”
Once the flow testing is complete, Real Energy plans to engage an independent firm to prepare an updated report on the company’s gas reserves/resources.
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Image: Real Energy