Adelaide Energy Reaches TD at Patrick-1 Well
Adelaide Energy reached a Total Depth (TD) of 2,998 meters at its 100% owned Patrick-1 well, over the weekend.
The Jacaranda Ridge Sandstone which was the primary objective of the well was intersected at 2675 mMD (meters Measured Depth). A total of 32 meters of core was cut from 2685 to 2717 m and successfully retrieved. Initial indications are of a continuous gas column of 37 meters with the best reservoir quality around 8 - 13 meters thick.
The well has also encountered significant gas shows and fluorescence in the secondary objective, the Sawpit Sandstone intersected at 2765 meters.
Electric logging of the well has commenced and is expected to be completed over the next few days. The logs together with the core will allow further evaluation of both targets.
The rig will move off Patrick-1 in the next few days. The well will then be tested later this month (along with the neighboring recently drilled Hollick-1 well which also encountered significant gas shows).
Patrick-1 and Hollick-1 are located in PEL 255 of the onshore Otway Basin, South Australia.
- How Likely Is an All-Out War in the Middle East Involving the USA?
- Rooftop Solar Now 4th Largest Source of Electricity in Australia
- US Confirms Reimposition of Oil Sanctions against Venezuela
- Analyst Says USA Influence on Middle East Seems to be Fading
- EU, Industry Players Ink Charter to Meet Solar Energy Targets
- Russian Ships to Remain Banned from US Ports
- Brazil Court Reinstates Petrobras Chair to Divided Board
- EIB Lends $425.7 Million for Thuringia's Grid Upgrades
- Var Energi Confirms Oil Discovery in Ringhorne
- Seatrium, Shell Strengthen Floating Production Systems Collaboration
- An Already Bad Situation in the Red Sea Just Got Worse
- What's Next for Oil? Analysts Weigh In After Iran's Attack
- USA Regional Banks Dramatically Step Up Loans to Oil and Gas
- EIA Raises WTI Oil Price Forecasts
- How Likely Is an All-Out War in the Middle East Involving the USA?
- Venezuela Authorities Arrest Two Senior Energy Officials
- Namibia Expects FID on Potential Major Oil Discovery by Yearend
- Oil Markets Were Already Positioned for Iran Attack
- Is The Iran Nuclear Deal Revival Project Dead?
- Petrobras Chairman Suspended
- Oil and Gas Executives Predict WTI Oil Price
- An Already Bad Situation in the Red Sea Just Got Worse
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Oil and Gas Execs Reveal Where They See Henry Hub Price Heading
- Equinor Makes Discovery in North Sea
- Macquarie Strategists Warn of Large Oil Price Correction
- DOI Announces Proposal for Second GOM Offshore Wind Auction
- Standard Chartered Reiterates $94 Brent Call
- Chevron, Hess Confident Embattled Merger Will Close Mid-2024
- Analysts Flag 'Remarkable Feature' of 2024 Oil Price Rally