Real Energy Corporation Limited provides this report of its second exploration well, Queenslciff-1, in the Queensland Cooper-Eromanga Basin ATP 927P as following:
Since the last report the well was drilled to the total depth of 3,219 metres in the economic basement. Electric logs have been recorded and preliminary wireline log interpretation in integration with mudlog gas readings and drill cuttings have indicated the presence of gas saturated Permian Toolachee and Patchawarra formations section at the Queenscliff-1 location.
The petrophysical evaluation, using standard 5% porosity cutoff for pay calculation of the basin centred gas play, indicates the well has encountered 32.5 metres of net sandstone gas pay (from gross 66.5 metres) in the Toolachee Formation and 34.8 metres of net sandstone gas pay (from gross 87.5 metres) in the Patchawarra Formation. In addition, the well also encountered 10 metres of net sandstone gas pay (from gross 30 metres) in the Triassic Paning Member of the Nappamerri Formation.