Based on similarities with other producing wells in the area, the well will not be flow tested and the forward plan is to run 5-1/2" production casing and suspend the well as a future Tinowon Sandstone gas producer. The rig will be released to Sunshine Gas as part of the rig sharing agreement between Mosaic, Ausam and Sunshine Gas.
Downlands-4 will be completed for production by Ensign Workover Rig 5 within the next four weeks.
Downlands-4 is the first well of Ausam's three well PL 119 and ATP 471P Bainbilla Block Farmin Stage 1 program. Ausam will fund the first $1.5 million of the Downlands-4 well costs and then contribute prorated interest for any costs above $1.5 million.
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