Real Energy Spuds Second Cooper Basin Gas Well

Copper Basin focused Real Energy has spudded its second gas well, Queenscliff-1 on Thursday.

Drilling seeks to confirm the presence of gas in the Toolachee and Patchawarra formations downdip from Tamarama-1. A secondary objective is to obtain samples from the Toolebuc Shale to further knowledge of this potential shale oil play.

ATP 927P, where the well is located, is surrounded by proven and producing gas and oil fields operated by Santos, and gas production is being used to feed growing demand for east coast gas.

Queenscliff-1 is located 12.85km west of Tamarama-1 and 17km east-northeast of the Whanto-1 gas field. Real Energy's acreage is prospective for basin centred gas (BCG), conventional oil and shale oil and gas.

Real Energy has 100% ownership in 3 large permits in Queensland – ATP 917P, ATP 927P and ATP 1161PA. These permits cover 8,314 km2 (2,054,435 acres).