Real Energy to Spud Tamarama-1 Well in Next Few Days

- September 2nd, 2014

Proactive Investors reported that Real Energy Corporation Ltd. (ASX:RLE) expects to spud its Tamarama-1 well by the end of this week.

Proactive Investors reported that Real Energy Corporation Ltd. (ASX:RLE) expects to spud its Tamarama-1 well by the end of this week. The well is “designed to confirm the presence of gas in the Toolachee and Patchawarra formations and to determine reservoir production potential.”

As quoted in the market news:

Any commercial gas discovery will find ready customers given the growing demand in eastern Australia with the liquefied natural gas export projects at Gladstone driving pricing.

The Ensign International drill rig 916 has been mobilised and is now been rigged up at the wellsite in ATP 927P.

Two additional wells, Queenscliff-1 and West Flynnes-1, have been scheduled for drilling subject to results of the Tamarama-1 well.

Successful wells will be cased and suspended for flow testing in early 2015.

Click here to read the full Proactive Investors report.

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