Advent Energy to Re-enter Bonaparte Basin

Advent Energy, an investee company of MEC Resources of Australia, has drawn up plans to re-enter and perform production tests on Waggon Creek-1 and Vienta-1 in EP386, onshore Bonaparte Basin, hoping to produce sufficient quantities of gas to make the resources commercially viable.

Five gas discovery wells drilled in Advent's 100% owned and operated Bonaparte Basin permits of EP386 and RL1 have increased the prospectivity of gas and oil in the basin's both offshore and onshore  region, the company said in an update on Monday.

Three main discoveries in EP386 include Vienta, Waggon Creek and Bonaparte while in RL1's Northern  Territory, Advent has recently announced a mean independently assessed Contingent Resource for the Weaber gas field of 18.4 billion cubic feet (BCF).

The company has begun mobilising equipment for operations within EP386 following receipt of necessary approvals from the Western Australia Department of Mines and Petroleum.

Drilled in 1995,Waggon Creek-1 flowed 1.34 million cubic feet of gas per day (mmcfgd) from upper sands within the Milligans Formation on an openhole DST. Additional openhole DST of a deeper zone flowed a further 1.0 mmcfgd. Testing was curtailed at the time due to the onset of the wet season, and the well was cased and suspended.

Vienta-1 which was drilled in 1998, is a faulted structure in the southern part of EP386, barely 10 km from Waggon Creek-1. A number of DSTs over various intervals demonstrated gas flows to surface from sand bodies within the shale formations. This apart, significant gas kicks were observed at depth while drilling. The onset of the wet season forced suspension of operation without testing.