Real Energy Corporation Limited advise that drilling has commenced on its second well, Queenscliff-1. The well was spudded at 5.30 am (AEDT) on 9th October 2014 and as at 7.00 am (AEDT) was drilling ahead in 12-1/4' hole at 35 metres. The planned total depth is 3113 metres.

The Queenscliff-1 well is Real Energy's second exploration well in the Cooper Basin, aimed at confirming the presence of basin centred gas play in the Toolachee and Patchawarra formations and determining reservoir productivity. A secondary objective of this well is to obtain samples from the Toolebuc Shale to further our knowledge of this potential shale oil play. The well is expected to take approximately two and a half weeks to drill and complete from spud date. ATP 927P 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.

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