Real Energy Expands in Queensland

Cooper Basin focused oil and gas exploration company Real Energy Corp has been granted Queensland Petroleum Land Releases PLR 2014-1-4.

The permit is located to the east of ATP927P and south of ATP917P. The permit covers an area of approx. 1,043 km2 and will increase Real Energy’s total acreage position in the Cooper Basin to 9,357 km2.

The permit will be granted after Native Title Agreements and other environmental requirements are met.

Real Energy believes the permit is prospective for the basin centred gas play in the Toolachee and Patchawarra formations, which Real’s exploration activities are focused on, as well as a number of leads and prospects for conventional oil.

“This is another step towards Real’s goal of developing a world-class tier 1 gas project in the Cooper Basin, and follows on from the excellent results from our first two wells. Our next priority is to flow test both the Queenscliff-1 and Tamarama-1 wells in several zones in the Toolachee and Patchawarra formations. Once we have completed extensive flow testing, we will then engage an independent firm to prepare an updated report on the company’s gas reserves/resources,” Real Energy’s Managing Director, Scott Brown said.