Real Energy: promising gas shows at Queenscliff-1

Cooper Basin focused oil & gas exploration company Real Energy provided drilling progress report of Queenscliff-1 well in the Queensland Cooper-Eromanga Basin ATP 927P.

Since the last report the well was drilled from 3028 metres to 3084 metres in the Patchawarra Formation when drilling was halted and drill string was pulled back to casing shoe for repairing the top drive system.

The repair was completed and drilling is expected to resume later today. The revised planned total depth is 3200 metres.Based on the preliminary information from drill cuttings and mud log gas readings, the Toolachee Formation was encountered at around 2998 metres and continuous elevated gas readings have been recorded over the Toolachee Formation and the Patchawarra Formation penetrated so far with several gas peaks in the sandstone units.

The significance of the gas shows encountered so far in the Triassic Nappamerri, Permian Toolachee and Patchawarra formations will be further evaluated by electric logs to be undertaken after reaching the revised total depth at approximately 3200 metres.

Managing Director of Real Energy Scott Brown commented “While we are still drilling and later running wireline logs for evaluating the significance of the gas seen in the well, Queenscliff-1 results so far in the Toolachee and Patchawarra formations appear to be very encouraging.”

Queenscliff-1 is located 12.85km west of Tamarama-1 and 17km east-northeast of the Whanto-1 gas field. Real Energy’s acreage is prospective for basin centred gas, conventional oil and shale oil and gas.

Queenscliff-1 will test the presence gas saturated Permian Toolachee and Patchawarra formations in an area located significantly downdip from the successful Tamarama-1 well and would advance Real Energy’s theory on the presence of BCG within ATP927P. An Independent Geologist’s report prepared for Real Energy estimated that the Permian section in ATP927P and ATP917P contains a mean gross estimated petroleum initially-in-place of 10.2 TCF of gas.

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Press Release; Image: Real Energy