Real Energy Commences Fracture Stimulation Program at Tamarama-1 Well

Cooper Basin focused oil and gas development company, Real Energy Corp. Ltd (Real Energy), reported Thursday that the Company has commenced field operations in preparation for the fracture stimulation program at Tamarama-1 weel, located in the Windorah Gas Project in ATP 927P, Cooper Basin, Queensland, Australia.

Workover operations have commenced today to re-complete the well with downhole fracture stimulation completion assembly. It is expected a Diagnostic Fracture Injection Test (DFIT) will be undertaken late next week and the DFIT pressure test results will be used for fine-tuning the fracture stimulation model.

Real Energy expects to commence the five-stage fracture stimulation program in the Toolachee-Patchawarra formation sections at depth below 7,546 feet (2,300 meters) in Tamarama-1 in mid-March.

Real Energy's Managing Director, Scott Brown, commented: "This is an important step for Real Energy as we move towards commercializing our Windorah Gas Project in the Cooper Basin."

"Results from the multi-staged fracture stimulation being undertaken at our maident basin centered gas well, Tamarama-1, will provide us with significant technical, operational and commercial information which will form the basis for further development of the project."

"The company is well-placed to take full advantage of the growing demand for east coast gas, and this well stimulation program will further build on the excellent exploration results we have received to date at our 100 percent-owned ATP927P acreage."

 

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