Lan Nguyen, Mosaic's CEO stated that "This gas flow rate is well above the commercial threshold and engineering design is currently underway to connect the Downlands-4 gas discovery to nearby production infrastructure. This is a good result from the first well in our farm-out program".
Downlands-4, which will be put on extended production test, is located 1.6 km to the NNE of the Downlands-2 gas production well and 1.1 km west of the Downlands East-1 gas well.
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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