Owen-3 will test the unconventional potential of the primary target zone, the Lower Arthur Creek "Hot Shale", in the Toko Synclinal area.
The report published by Kuick Research, ‘Australia Shale Gas Market Analysis’, gives a bird’s eye view of the Australian shale gas market in its nascence.
Sanction of the second LNG train includes the further development of related upstream gas gathering and processing infrastructure as well as the construction of the second production train by Bechtel.
Increasing investments and favorable policy framework will drive shale gas exploration and development in Australia.
The operator has advised that the well reached total depth of 4696 mMD at 12:45 hrs 26th June 2012 within the Mungaroo Formation.
These four permits cover some 19,000 sq km of the Eromanga and Galilee basins.
Drilling of Ambassador Oil and Gas Limited's Shocking 1 oil exploration well in permit PEL 516 of the South Australian part of the Cooper basin has started.
MacIntyre-2H reached a total measured depth of 1,916 metres.
MacIntyre-2H reached a total measured depth of 1,916 metres and stayed within the primary target zone, the Lower Arthur Creek "Hot Shale" Formation.
The Cuisinier-5 appraisal well spudded on 10 June 2012 and reached a total depth of 1,751 metres on 13 June 2012.