Aldinga East-1A spudded
Brisbane, Oct 4, 2019 AEST (ABN Newswire) - State Gas Limited (
ASX:GAS) ("State Gas" or "the Company") is pleased to advise that the first well in its 2019 drilling program, Aldinga East-1A, was spudded at 10.15am this morning, 4 October 2019.
The well is being drilled by Gas Field Services Rig 12 to a planned total depth of 1200m. The well will investigate the gas potential of the Reid's Dome Beds coal measures in the northern area of the PL 231, following confirmation of gas presence in the coals at Nyanda-4 (drilled by the Company in 2018) approximately 12km to the south of Aldinga East 1A, and the encouraging results of seismic processing and interpretation announced on 9 September this year. Core samples will be obtained from the new well to confirm gas content and wireline logging will be used to determine net pay. Permeability measurements will be obtained by wireline formation testing.
Following the drilling of Aldinga East-1A, the Company plans to drill Serocold-1, approximately half way between Aldinga East-1A and Nyanda-4, to explore the central portion of the Reid's Dome anticline. The well is also planned to be drilled to 1,200 metres, again targeting the gas potential of the Reid's Dome Beds coal measures. Wireline logging and testing will be used to determine net pay and permeability.
Subject to the results of testing, State Gas may complete one or both of the new wells, and / or re-enter and complete the suspended Nyanda-4 well, for production testing.
The drilling and production testing at PL 231 is a key part of the Company's strategy to bring gas to market from the permit to meet shortfalls in the east coast domestic gas market forecast for 2021.
To view figures, please visit:
https://abnnewswire.net/lnk/HV0NH36U
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.
| ||
|
