Cooper Basin Focused Real Energy Encounters More Gas Shows at Maiden Well

Cooper Basin focused oil & gas exploration company Real Energy Corp has encountered more elevated gas shows at its maiden exploration well, Tamarama-1, in the Queensland Cooper Basin ATP 927P.

Tamarama-1 is located approx. 51 metres downdip from the Cocos-1 Permian gas well and outside any seismically mapped structural closure. Tamarama-1 will be cased and suspended for future flow testing.

Managing Director of Real Energy Scott Brown commented: “We are very excited by the results received to date on Tamarama-1, which appears to confirm our understanding of the basin centred gas in this area. Tamarama-1 was drilled as a proof of concept well. While it is still early days in our exploration effort, Tamarama-1 success has provided us a very encouraging result as it proves our geological concept that gas saturated Permian Toolachee and Patchawarra formations section is present in our acreage outside any structural closure and most likely in the form of the unconventional continuous basin centred gas play.”

AWT International has estimated that the gross mean petroleum initially in place for the Toolachee and Patchawarra was 10.2 Tcf of gas in our acreage.

“Due to the encouraging result with Tamarama-1, we have decided to commit to drilling our next well Queenscliff-1. Queenscliff-1 will further advance our knowledge of this exciting play within our acreage,” Brown added.