Real Energy's Fracture Stimulation Program at Tamarama-1 Planned for April
Cooper Basin focused oil and gas exploration company, Real Energy Corp. Ltd. (Real Energy), reported Friday that the Diagnostic Fracture Injection Test (DFIT) program in the Tamarama-1 well, located in the Windorah Gas Project in ATP 927P, Cooper Basin, Queensland, Australia has been completed. Interpretation of the DFIT data indicates the closure pressures and reservoir data for frac model are in line with expectations.
The Company now expects to commence fracture stimulation program at Tamarama-1 well, in mid April 2016 following advice from the main contractor Halliburton Australia that its Australian crew are yet to complete an existing job. 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.
Real Energy's Managing Director, Scott Brown, commented: "We are very pleased with the encouraging results of the DFIT undertaken at Tamarama-1, as it significantly improves the Company's technical and operational understanding of the project.
Real Energy remains strongly positioned to capitalize on the growing demand for gas in the Eastern States of Australia and we look forward to provide our shareholders with further operational updates in the near term."
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