Latemore 2 Well Flows Gas from Three Zones

Sunshine Gas reports that the Latemore 2 well on the Roma Shelf is being cased and suspended following a gas flow from the basement section over the weekend. This is in addition to the previously announced gas flow of 2.5 MMcfd from the Rewan Formation and 0.29 MMcfd from the Precipice Sandstone.

Sunshine Gas advises that the Latemore 2 appraisal well in PL 5 (Roma Shelf) Surat Basin Queensland, will be cased and suspended pending completion after successfully flowing gas from a number of zones including basement. The basement gas flow was only minor but did demonstrate the presence of movable hydrocarbons. The well results are highly encouraging in terms of the potential for additional conventional gas discoveries in Sunshine's partly owned Roma Shelf properties.

Santos is the operator of the well with 85% and Sunshine Gas' subsidiary, Interstate Pipelines holds the remaining 15%.