Linc Energy to Start Shale Gas, Oil Drilling in South Australia

Linc Energy has commenced operations as part of its three well drilling program in the Arckaringa Basin in South Australia.

“We are looking forward to unlocking the value from this world class asset and are thrilled to have the opportunity to recommence our drilling program on this remarkable asset and get on with making the Arckaringa Shale one of the company’s key commercial focus points over the coming months and years,” Peter Bond, Managing Director and Chief Executive Officer, said.

The three well locations have been selected following a lengthy and ongoing field appraisal study headed by shale experts Baker Hughes, the company said.

Assessment of the data collected in this first phase of drilling will determine the next development steps.

Linc Energy will look to follow up this initial three well program with a further three wells to commence this financial year.

“It is envisaged that if the results of these 6 wells are successful, Linc Energy will undertake a focused drilling campaign to start to unlock the significant hydrocarbon potential of this basin,” the company stated.