Real Energy to Drill Maiden Gas Well in Australia's Cooper Basin

Cooper Basin focused oil and gas exploration company Real Energy will begin drilling its maiden well, Tamarama-1, in ATP927P.

The well is expected to spud by the end of the week.

The drilling of the Tamarama-1 well is designed to confirm the presence of gas in the Toolachee and Patchawarra formations and to determine reservoir production potential, the company said.

Real Energy also plans to drill two additional wells, Queenscliff-1 and the West Flynnes-1, subject to results of the Tamarama-1 well.

The prospective ATP927P permit is located in close proximity to proven and producing gas and oil fields operated by Santos, with local gas production being used to meet the growing demand for gas on the eastern seaboard, the company said.