Ensign's Rig 916 Prepares to Drill Tamarama-1 Well in Cooper Basin

Cooper Basin focused oil and gas exploration company Real Energy Corporation Limited (Real Energy) reported Monday that Ensign International drill rig 916 has been mobilized and is now being rigged up at Tamarama-1 wellsite, which is located in ATP927P, Cooper Basin, Queensland, Australia.

Real Energy's maiden well, Tamarama-1, is expected to spud by the end of the week. The drilling of the Tamarama-1 well is designed to confirm the presence of gas in the Toolachee and Patchwarra formations and to determine reservoir production potential.

Two additional wells, Queenscliff-1 (previously called Avalon-1) and the West Flynnes-1, have been scheduled for drilling subject to results of the Tamarama-1 well. The prospective ATP972P permit is located in close proximity to proven and producing gas and oil fields operated by Santos, with local gas production being used to meet the growing demand for gas on the eastern seaboard.



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