Sydney 11 September 2018: Cooper Basin focused oil & gas company, Real Energy Corporation Limited (ASX:RLE) (“Real Energy”), is pleased to announce that fracture stimulation of the company's Tamarama-2 and 3 wells, located in ATP 927P, Cooper Basin, Queensland will commence this month.
Tamarama-2 and Tamarama-3 incorporate new well designs to enable enhanced productivity through better alignment between the hydraulic fracture and the wellbore. This ‘alignment flow technology' has been the result of extensive ongoing research with Prof Raymond Johnson Jr at the University of Queensland to improve hydraulic fracturing designs in this area of the Cooper Basin. By better aligning the wellbore, perforations and the hydraulic fracture with the prevailing stress direction, an optimised hydraulic fracture and enhanced flow should be achievable.
Real Energy conducted reservoir modelling to maximise the design of the fracture stimulation. It now expects to conduct a three-stage fracture stimulation in Tamarama-2 and a four-stage fracture stimulation in Tamarama-3 in the Toolachee-Patchawarra formation sections at depths below 2300m true vertical depth. The reservoir modelling using the acquired stress and permeability data and enhanced fracturing designs indicate the wells initial production (IP) should exceed 3 MMscf/day in both Tamarama-2 and Tamarama-3 wells.
Real Energy's Managing Director Scott Brown commented: “The fracture stimulation of Tamarama-2 and Tamarama-3 is an important step for Real Energy as we move towards commercialising the Windorah Gas Field. We believe we will be able to prove commercial flow rates with these wells which will form the basis for a much broader field development program.”
“Real Energy is very well-placed to take full advantage of the growing demand for Australian east coast gas, and this well stimulation program will build further on the excellent results we have received to date at our 100%-owned ATP927P acreage. We will update shareholders once mobilisation works commence.”