State Gas Spuds Rougemont-3 Horizontal Well
Brisbane, Sep 16, 2022 AEST (ABN Newswire) - State Gas Limited (
ASX:GAS) (STGSF:OTCMKTS) advises that it spudded its new Rougemont-3 horizontal well overnight.
Silver City Drilling Rig 20 is currently installing surface casing, with the well at 63m depth. The rig will drill two laterals into the Bandanna coal seams starting with the first lateral at approximately 290m true vertical depth. This lateral will be drilled horizontally for approximately 1,300m, intersecting with the Rougemont-2 vertical well at approximately 1,200m.
Following completion of the first lateral a second will be drilled approximately 30m below, again to intersect the Rougemont-2 vertical well, creating a total in-seam length of approximately 2 km.
A ranging tool has been inserted into the Rougemont-2 well to assist the drilling direction finding equipment
Once the laterals are complete the workover rig will return and replace the pump in Rougemont2. Production testing of the two wells, as an integrated well pair directly accessing more than 2 km of the reservoir, will then commence.
State Gas will provide further updates as drilling progresses.
About State Gas Limited
State Gas Limited (ASX:GAS) (OTCMKTS:STGSF) is a Queensland-based gas exploration and development company with highly prospective gas exploration assets located in the southern Bowen Basin. State Gas Limited's mission is to support east coast energy markets through the efficient identification and development of new high quality gas assets.
It will do this by applying an agile, sustainable but low-cost development approach and opportunistically expanding its portfolio in areas that are well located to gas pipeline infrastructure.
State Gas is 100%-owner of the contiguous Reid's Dome (PL-231) and Rolleston-West (ATP 2062) gas projects, both of which contain CSG and conventional gas. The Projects, together some 1,595km2 , are located south of Rolleston, approximately 50 and 30 kilometres respectively from the Queensland Gas Pipeline and interconnected east coast gas network. State Gas intends to accelerate commercialisation of these assets through the application of an innovative virtual pipeline ("VP") solution which will see the Company transport compressed gas by truck to existing pipeline infrastructure or to an end user.
State Gas also holds a 35% interest in ATP 2068 and ATP 2069 in joint venture with Santos QNT Pty Ltd (65%). These two new areas lie adjacent to or in the near vicinity of State Gas and Santos' existing interests in the region, providing for the potential of an alignment in ownership interests across the region over time and enabling synergies in operations and development.
State Gas is also participating in a carbon capture and sequestration initiative with minerals explorer Rockminsolutions Pty Ltd in respect of EPM 27596 which is located on the western border of ATP 2062. This project is investigating the potential of the unique basalts located in the Buckland Basaltic Sequence (located in EPM 27596) to provide a variety of in-situ and ex-situ carbon capture applications.
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