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QGC to Plug and Abandon Thisit 01 Exploration Well in Bowen Basin

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Australia-listed WestSide Corporation Ltd reported that the Thisit 01 exploration well in Queensland's Bowen Basin in Australia will be plugged and abandoned before reaching its planned total depth due to hole instability.

Thisit 01 is located approximately 11.1 miles (18 kilometers) north west of Moura in the southern part of ATP 769P along strike from the Meridian SeamGas CSG (coal seam gas) gas fields and 18.6 miles (30 kilometers) north of the existing Paranui project.

Operated by joint venture partner QGC Pty Ltd, the Thisit 01 well was spud Aug. 27 and was scheduled to reach a total depth of approximately 4,921 feet (1,500 meters).

The drilling contractor encountered hole instability issues at a depth of about 3,031 feet (924 meters) and the joint venture partners have agreed to plug and abandon the well following on going stability issues.

Designed to intersect the Permian age Baralaba Coal Measures, the well was planned to be drilled and cased to approximately 3,937 feet (1,200 meters) and then cored to the final depth.

The data gathered from the drilling and geological logging will be used in future exploration work programs in the region.

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