Real Energy to Commence Drilling for Gas in Australia's Cooper Basin

Real Energy has announced it will commence drilling at its 100%-owned ATP927P exploration permit in Australia’s Cooper Basin in early September 2014.

A contract has been signed for Rig 916 with one firm well and an option for two additional wells, the company said.

Real Energy's acreage is prospective for basin centred gas (BCG), conventional oil and shale oil and gas. This upcoming drilling program will test the presence of BCG within ATP927P. Estimated suggest that the Permian section in ATP927P and ATP917P contains approximately 10.2TCF of BCG.

Drilling of Tamarama-1 well is expected to commence in early September 2014 with two additional wells in the region, Avalon-1 and the West Flynnes-1, scheduled for drilling subject to the results of Tamarama-1.

The Tamarama-1 well is Real’s maiden exploration well in the Cooper Basin, aimed at confirming the presence of gas in the Toolachee and Patchawarra formations and determining reservoir producibility.

A secondary objective of this well is to obtain samples from the Toolebuc Shale to further our knowledge of this potential shale oil play. The well is expected to take about two and a half weeks to drill and complete.