Vintage Energy Announces Test Results from Appraisal Well in South Australia
Drilling Activity Details
SA
Australia
Drilling Activity Summary
Description
Vintage Energy announced results from testing at appraisal well #1-Vali in the South Australia portion of the Cooper Basin. A wireline logging sample confirmed the presence of gas in Toolachee and Patchawarra. One of the main objectives of the appraisal well in ATP 2021 was to assess the potential for gas in a Toolachee four-way dip closure, which was not tested in #1-Vali ST1. A rig is being mobilized to drill an exploratory test at #1-Odin to study a large fault-bounded Patchawarra closure. The venture is updip of a 1987 well, #1-Strathmount, which was plugged and abandoned after discovering a non-commercial hydrocarbon accumulation. The #1-Strathmount is interpreted to have conventional gas pay in Toolachee and both conventional and low permeability gas pay in Patchawarra. The Odin structure has been de-risked by tests at #1-Vali ST1 and #2-Vali and has the potential for gas in Toolachee and development in Patchawarra. The certified gross 2C contingent resource for ATP 2021 is 37.7 Bcf of gas (18.8 Bcf net).The joint venture partners are Goodwood, South Australia-based Vintage 50% and operator, Metgasco (25%) and Bridgeport (25%)
Vintage Energy announced results from testing at appraisal well #1-Vali in the South Australia portion of the Cooper Basin. A wireline logging sample confirmed the presence of gas in Toolachee and Patchawarra. One of the main objectives of the appraisal well in ATP 2021 was to assess the potential for gas in a Toolachee four-way dip closure, which was not tested in #1-Vali ST1. A rig is being mobilized to drill an exploratory test at #1-Odin to study a large fault-bounded Patchawarra closure. The venture is updip of a 1987 well, #1-Strathmount, which was plugged and abandoned after discovering a non-commercial hydrocarbon accumulation. The #1-Strathmount is interpreted to have conventional gas pay in Toolachee and both conventional and low permeability gas pay in Patchawarra. The Odin structure has been de-risked by tests at #1-Vali ST1 and #2-Vali and has the potential for gas in Toolachee and development in Patchawarra. The certified gross 2C contingent resource for ATP 2021 is 37.7 Bcf of gas (18.8 Bcf net).The joint venture partners are Goodwood, South Australia-based Vintage 50% and operator, Metgasco (25%) and Bridgeport (25%)