Real Energy Commences Fracture Stimulation Program at Tamarama-1

Cooper Basin focused oil and gas company, Real Energy Corporation Limited has commenced a five-stage fracture stimulation program at the Tamarama-1 well at located in the Windorah Gas Project in ATP 927P, Australia, Queensland.

During the weekend all the necessary pressure tests of wellhead and fracture stimulation equipment were successfully completed. The first stage of the five stage fracture stimulation program is expected to commence today.

Under the program, Halliburton Australia will undertake operations to test the Toolachee and Patchawarra formations of Tamarama–1, below 7,545 feet. Fracture stimulation operations are expected to be completed in around two weeks.

The facture stimulation of Tamarama–1 represents the next step in Real Energy unlocking the value of its extensive portfolio in the Cooper Basin, which has an independently estimated total mean gas in place of 13.76 TCF and a maiden 3C gas resource of 672 BCF.

The Company expects fracture stimulation program to be completed in about 2 weeks. The Company will advise of the initial results as soon as they become available.



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