Real Energy a Step Closer to Unlocking Significant Value from Queensland Gas Acreage

Australia listed Real Energy has taken a step closer to unlocking significant value from its Cooper Basin gas asset after it concluded the five-stage fracture stimulation program of Tamarama – 1 well.

Tamarama-1 well is located in the Windorah gas project in ATP 927P, Cooper Basin, Queensland, Australia. Program was designed to test Toolachee & Patchawarra formations below 2,300 metres.

The company expects to carry out the flow back and test the gas flows shortly.

Real Energy has a focus on the Cooper Basin, Australia’s most prolific onshore producing petroleum basin. It has 100 percent ownership in three large permits in Queensland – ATP 917P, ATP 927P & PLR2014-1-4.

Real is focusing initially on the Toolachee and Patchawarra formations. These formations are well- known throughout the basin for holding and producing gas.

With demand for natural gas growing in the eastern states of Australia, Real is confident it is well positioned to further exploit its 100 percent-owned acreage in the Cooper Basin, Australia’s premier onshore oil & gas province.

The company has an independently estimated total mean gas in place of 13.76 TCF and a maiden 3C gas resource of 672 BCF.