Oz Armour Continues Completion of 2019 Programme

Australian Armour Energy November 25 said it continues the completion of the 2019 drilling campaign with ongoing operational work underway on Myall Creek North #1 and Horseshoe 4 wells.

“Both wells, as a part of the 2019 campaign, were drilled on time and on budget and completed as production wells having encountered permeable, gas-charged formations. Armour is undertaking completions works on both wells, with the intention to flow both to market prior to the end of 2019,” the company said.

The 2019 drilling programme has consisted of drilling two Myall Creek North 1 and Horseshoe 4 on its 100% owned Kincora project in the Surat Basin, Queensland. Armour acquired the Kincora gas project in 2015 from Origin Energy, restarting its production the following year.

Stimulation activities of the Tinowon formation have commenced on Myall Creek 5A, following early production efforts in May 2019 which resulted in unsustained gas flows from the Basal Rewan formation, Armour said. The company is currently completing the well, and flow back from the well is scheduled to occur over the next two weeks with gas is forecast to flow to market prior to Christmas 2019.

Armour added it is also undertaking several interventions of existing historic wells within the Kincora project region. These interventions are designed to produce gas and liquids from the formation that were previously passed over by former operators, it said. Armour has commenced this programme with the first two wells, Parknook 2 and Kungarri 1, which have commenced online production.