Beach Energy's Geoffrey-1 Shale Well in Queensalnad Shows Encouraging Results

Beach Energy operated Geoffrey-1 well in ATP 855 in Queensland has given encouraging results with good gas shows.

Partners in ATP 855 are: Icon Energy 35.1%; Beach Energy (Operator) 46.9%; Chevron Australia Exploration 18%.

The well was drilled to evaluate the shale and basin-centred gas play in the Toolachee, Daralingie, Roseneath, Epsilon, Murteree and Patchawarra Formation. It has reached total depth of 4,125 metres in the Patchawarra Formation.

The well is currently running wireline logs and will be cased and suspended pending subsequent hydraulic stimulation and flow testing as part of a multi-well stimulation campaign beginning in the first quarter of 2014.

The fifth well in the ATP 855 drilling program will be Redland-1, located 22 kms northwest of Geoffrey-1 in the north of the permit.

“The well, which is planned to be drilled to a total depth of 3,800 metres, will be spudded in the coming days and will specifically target the Permian Toolachee and Daralingie Formations. Subject to joint venture approval, a sixth well will be drilled in the current exploration program and is planned to be completed within the first half of 2014. The work program through 2014 will include hydraulic stimulation and extended well testing. This will involve optimisation of the hydraulic stimulation program which will focus on specific horizons in each well across the permit,” Icon Energy said in a statement.

Till date, four wells have been drilled in ATP 855: Halifax-1, Hervey-1, Keppel-1 and Geoffrey-1.  

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