Real Energy, a Cooper Basin focused oil and gas exploration company, said that it has encountered gas pays following the drilling of the Tamarama-3 well in Cooper-Eromanga Basin ATP 927P in Queensland, Australia.
Preliminary wireline log interpretation, together with mud log gas readings and drill cuttings indicate the presence of gas saturated Permian Toolachee and Patchawarra formations at the Tamarama-3 located approximately 520 metres West-Northwest from Tamarama-1 at the Patchawarra Formation top level.
The petrophysical evaluation, using standard 5% porosity cut-off for pay calculation of the Basin Centred Gas Play, indicates the well has a combined net pay of 58.9m true vertical thickness, being 11.6 metres of net sandstone gas pay (from a gross 41 metres true vertical thickness) in the Toolachee Formation, and 47.3 metres of net sandstone gas pay (from gross 130.5 metres true vertical thickness) in the Patchawarra Formation.
The gross and net pay thickness encountered in Tamarama-3 are similar to those in Tamarama-1.
The gas shows in the Nappamerri Formation, as previously reported, were in a thin sandstone unit with log interpreted net gas pay of less than 1 metre.
The well has now been cased and cemented to the total depth of 2,634 metres and suspended for fracture stimulation.
Real Energy managing director Scott Brown said: “This is an excellent result which is consistent with our geological model and aligns with the pre-drilling predictions.
“The well is located 520m from Tamarama-1, and most, if not all gas sandstone units in the Toolachee and Patchawarra formations sections in this well could be easily correlated to those in Tamarama-1.
“Real Energy has a significant gas resource. The net pay encountered in both Tamarama-2 and now Tamarama-3 is very attractive for Real Energy and again reinforces our view that the Windorah Gas Field holds considerable unlocked value that we are only just starting to tap.”
Source: Company Press Release