Metgasco Completes Seismic Program in PEL 16 in New South Wales

Metgasco has finished the seismic acquisition program in PEL 16 in New South Wales. The program was focussed on the deeper conventional potential of the Ripley Road Sandstone and the tight gas sands in the Gatton Formation rather than the shallower CSG targets in the Casino area and was acquired to provide better definition of the Greater Mackellar structure before drilling the Rosella-1 well. 

The data will now be processed and interpreted before the Rosella 1 well is drilled, probably in April -May 2013. Initial indications are that the data is of fair to good quality, the company said.

“The seismic campaign is a key element of the 2012-13 field activities, which also includes the drilling of three lateral CSG wells and three core wells.  The successful completion of the seismic is another indication that Metgasco is moving ahead with the objective of taking the company from an exploration phase to a production / commercial phase.”

Metgasco is now focussed on its core well program which is expected to get underway in November or early December.  Following the core well program, Metgasco will commence its lateral CSG drilling program.