State Gas Limited (ASX:GAS) is pleased to announce the spud of Rougemont-2, the second well in its new Rolleston-West Gas Project (ATP-2062) in Central Queensland.
Following the successful drilling of Rougemont-11, State Gas has commenced drilling Rougemont-2, located some 3.7 km to the northeast of Rougemont-1. The well spudded at 8.40am on 29 May 2014. As at 6am this morning drilling had reached 75m.
Rougemont-2 is targeting the highly prospective gas-bearing Bandanna Formation coal measures on the eastern flank of the south-plunging Consuelo Anticline. The coals in this location are expected to commence up to 100m shallower than at Rougemont-2 and will provide valuable information about the coal seam gas potential at a range of depths within the Project area. The Bandanna Formation has been highly productive at this range of depths in the analogue fields of Arcadia Valley (Santos/GLNG) and Mahalo (Comet Ridge/Santos/APLNG) at similar distances to the south-east and north-east of ATP 2062 respectively.
State Gas will determine the thickness and gas content of the coal in the well through sampling the coals (coring) and wireline logs. Permeability testing will also be undertaken. These initial tests should confirm important information about the potential of this area of ATP 2062 and inform preparations for production testing in the future. Once these initial tests are completed the well will be suspended until production testing is commenced.
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Lucy Snelling Chief Executive Officer Phone: 0439 608 241 e-mail: email@example.com Richard Cottee Executive Chairman Phone: 0458 517 850 e-mail: firstname.lastname@example.org
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