Scandoil  

Lakes Oil announces new well plans for early 2014


Published Nov 7, 2013
Lakes Oil N.L.

Lakes Oil N.L. has submitted an application to drill a new well, Wombat 5, in the New Year.

This well will be drilled conventionally and will not involve hydraulic fracturing. The Chairman of LKO, Mr Robert Annells, said today that Wombat 5, to be drilled in the Gippsland Basin, was inspired after his geology team carefully studied conventional discoveries both in Australia and overseas in recent times.

'We believe our company can achieve commercial gas production using traditional methods to recover gas from the 'weathered' zone at the top of the Strzelecki Formation, proved to be present over a wide area in Gippsland,' he said.

'In particular we took a close look at the conventionally drilled and successful 'Longtom' gas field offshore in Bass Strait.

'We know how 'Longtom' worked; it was a commercial winner offshore and we believe that we have similar circumstances onshore.

'If successful, Wombat 5 will not only commercialise the entire Wombat structure, but potentially the Macalister, Trifon and Gangell fields as well.

Tags: Lakes Oil N.L.




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml