New Standard Energy Spuds Canning Basin Shale Well

New Standard Energy has spudded its  Nicolay #1 well, commencing the first of a three well drilling program on the Goldwyer Shale Project in the Canning Basin.

The primary objective of the Nicolay #1 well is to gather a comprehensive, modern data set over a large section of the Goldwyer formation (primary target) via a detailed program consisting of mud logging, full coring and electric wireline logs to be taken over a significant thickness of prospective Goldwyer formation. Information regarding the secondary targets of the overlying Bongabinni and Nita formations will also be gathered.

Drilling to target depth is expected to take approximately 55 days (drill, log and suspend) and no horizontal drilling or hydraulic fracturing will be involved in this phase of the program.

Data will be acquired through a combination of full coring throughout the Goldwyer formation, sophisticated mud-logging and a comprehensive suite of electric wireline logs. Following data acquisition, a detailed set of scientific studies and analysis will be undertaken to fully assess the Goldwyer formation’s prospectivity in addition to targeted reservoir evaluation to be undertaken on site to gather detailed information on reservoir pressures and fracture potential of the Goldwyer formation. This information will assist in identifying which section(s) within the Goldwyer formation has the most prospective characteristics and help refine and delineate potential future target zones as a result.