Real Energy encounters large gas accumulation at Queenscliff-1

Real Energy Corporation provided a report of its second exploration well, Queenslciff-1, in the Queensland Cooper-Eromanga Basin ATP 927P.

Since the last report the well was drilled to the total depth of 3,219 metres in the economic basement. Electric logs have been recorded and preliminary wireline log interpretation in integration with mudlog gas readings and drill cuttings have indicated the presence of gas saturated Permian Toolachee and Patchawarra formations section at the Queenscliff-1 location.

The petrophysical evaluation, using standard 5% porosity cutoff for pay calculation of the basin centred gas play, indicates the well has encountered 32.5 metres of net sandstone gas pay (from gross 66.5 metres) in the Toolachee Formation and 34.8 metres of net sandstone gas pay (from gross 87.5 metres) in the Patchawarra Formation. In addition, the well also encountered 10 metres of net sandstone gas pay (from gross 30 metres) in the Triassic Paning Member of  the Nappamerri Formation.

Queenscliff-1 is located approximately 668 metres downdip from Tamarama-1 and outside any seismically mapped structural closure. It is also 31 metres downdip from Whanto 1 to the west. Queenscliff-1 will be cased and suspended for future flow testing.

Tamarama-1 and Queenscliff-1 have significantly advanced the play, and proved the continuous gas saturated Permian Toolachee and Patchawarra formations section is present in Real Energy’s acreage outside any structural closure. This is in the form of the continuous Basin Centred Gas play.

Given the successful results in Tamarama-1 and Queenscliff-1 to date, Real Energy has decided to postpone the drilling of West Flynnes-1 to the next year when the company will embark on a much larger drilling campaign and avoid any potential operational risks during the wet weather period. Testing of Tamarama-1 and Queenscliff-1 wells is planned for the first half of next year.

The drilling program this year was about proof of concept. Next year the company plans to design the drilling program to significantly increase the resource delineation.

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Press Release; Image: Real Energy

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