Metgasco
Metgasco (ASX: MEL) is developing natural gas reserves and power supplies for the eastern Australian energy market.
Metgasco to kick off drilling four coal seam gas pilot production wells in NSW
Friday, January 28, 2011
Metgasco (ASX: MEL) will commence drilling the first of four coal seam gas multi-lateral pilot production wells in February.
The Harrier Pilot wells are located in the Eden Creek trend area and will target the Richmond seam within the Walloon Coal Measures at depths of between 300 to 400 metres.
The multi-lateral Corella-P18 and Harrier P01, P02 and P03 wells will be the first dual lateral wells that the company has drilled, with each targeting 1000 metres of in-seam exposure per lateral.
The four wells are near Corella P11, where Metgasco has had its lead pilot production well on continuous gas production for approximately three years.
The objective of these wells is to further confirm commercial flow rates from this area where Metgasco has established its initial 1P, proven reserve certification.
The wells aim to have gas production rates above those currently being achieved from Corella P11.
Metgasco is focussed on exploring the Clarence Moreton basin in northern New South Wales and has a 100% interest in all of its tenements, which include PEL 16, PEL 13 and PEL 426 and cover an area of approximately 5,800 km2.
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