Adelaide Energy Limited (ADE) has released an updated drilling report on its Encounter-1 prospect in the Nappamerri Trough.
As of Dec. 14 the well has been drilled to a depth of 3,586 meters, which is 39 meters shy of its target depth of 3,625 meters. The primary areas being targeted in the project include the Roseneath, Epsilon and Murteree shales (REM unit) in the Patchawarra formation of the Nappamerri Trough.
"Encounter-1 has to date provided us with enormous encouragement as to the potential of the shale gas exploration play in the Nappamerri Trough,” said Carl Dorsch, ADE’s managing director. “The much larger thickness than anticipated of the Roseneath Shale that was announced last week provides both the potential for considerably larger gas in place numbers and greater ease of stimulating the production of this gas.”
After reaching total depth, ADE plans to begin casing the well.
“The very high mud weights required for the safe and controllable drilling of the well (13.6 ppg rather than 9.0 ppg) together with the constantly high gas shows encountered both prior to and within the primary targets point to large overpressure and/or a high concentration of in situ gas. Either or both scenarios indicate a significant amount of gas in the system,” said Dorsch. “We look forward to the well reaching target depth and the results of the various testing programs which will provide more data on this well over the coming weeks and months.”
ADE has a 10% stake in the project; the other 90% is currently held by Beach Energy Limited.
About Adelaide Energy Limited
Adelaide Energy Limited is an oil and gas exploration and production company with a focus on the Cooper and Otway Basins of South Australia. ADE is the dominant player in the onshore Otway Basin in South Australia, with existing gas production assets, a development program and substantial exploration acreage. The company holds exploration acreage in the Cooper and Maryborough Basins of South Australia and Queensland respectively which are prospective for large gas resources.
Recommended Reading
Exclusive: Kimmeridge’s Dell on Advancing Commonwealth LNG Amid DOE Pause
2024-09-27 - Kimmeridge’s Co-founder and Managing Partner Ben Dell details how Commonwealth LNG came to be and the future of the project as the company is optimistic on an FID in the first half of 2025, in this Hart Energy Exclusive interview.
Poten: North American LNG Projects to Double Capacity by 2027
2024-09-27 - Nine North American LNG export projects under construction will add an estimated 98.6 mtpa of capacity by the end of 2027, with 6 of them located in the U.S., according to Poten & Partners.
Woodside on the Prowl for Driftwood Partners, Gas Suppliers
2024-09-26 - Australian natural gas and LNG exporter Woodside Energy, which recently agreed to acquire Tellurian in a deal valued at $1.2 billion, isn’t yet looking to develop an upstream U.S. onshore position to secure gas for Driftwood LNG.
EIA: Natural Gas Storage Report (Nearly) Meets Market Expectations
2024-09-26 - Natural gas prices held steady on Sept. 26 after rallying through most of the month.
Saudi Signals Willingness to Weaken Oil Prices, Defend Market Share
2024-09-26 - Analysts caution that reports of Saudi Arabia abandoning a philosophy of supporting prices in favor of defending market share could be a move to get OPEC+ members in line rather than to launch a costly oil war with the U.S., among others.