Page 16 - AsianOil Week 40 2021

AsianOil NEWS IN BRIEF AsianOil

Beetaloo Sub-Basin, Northern Territory, Northern Territory, Australia, from Central Tamboran updates on T3H
Australia with our joint venture partner, Petroleum Limited (ASX: CTP) (Central) has
Origin Energy B2 Pty Ltd., a wholly owned completed today. well
subsidiary of Origin Energy Limited. Cue’s acquired interest are: 7.5% interest
As noted in the Company’s press release on in the Mereenie gas and oil field (OL4 and Santos QNT, the operator of EP 161 (75%
20 July 2021, while Kyalla 117 flowed liquids- OL5 Production Licences); 15% interest in working interest) and Tamboran (25%
rich gas without assistance for intermittent the Palm Valley gas field (OL3 Production working interest) spudded the T3H well
periods, production was not sustained and Licence); 15% interest in the Dingo gas field on 23 August 2021. Drilling of the vertical
there were indications of a potential downhole (L7 Production Licence). hole and build section was completed at
flow restriction. All three fields are in production and the target depth of approximately 3,760
On 14 September, coil tubing operations supply gas into the Eastern Australia gas metres after encountering the Mid-
recommenced at Kyalla 117. No apparent market or local Northern Territory market. Velkerri ‘B’ shale in line with pre-drill
restriction or blockage was identified in the As of 30 June 2021, Cue reported 4.1 million expectations.
production casing. Following a nitrogen lift, barrels of oil equivalent (mmboe) 2P reserves T3H drilling performance improvements
the well was able to flow unassisted at rates in the fields1. through the vertical section resulted in a
between 0 (i.e. rates too small to measure) and Cue has paid $8.9 million to Central, 20% reduction in the drilling time at T3H
1.5 MMcsfd for five days before loading up comprising of an $8.7 million upfront in the vertical and build section to a similar
with water. Gas compositions data are not yet payment and $0.2 million in adjustment for depth as T2H. The mud gas response logged
available but gas specific gravity data is similar revenues earned and costs incurred from the and encountered within the Mid-Velkerri
to that measured during the previous phase of effective transaction date of 1 July 2020. ‘B’ shale in T3H is consistent with data
testing. Trace condensate was also observed. As part of the transaction, Cue will also collected in the Tanumbirini 1 and T2H
Further analysis will be undertaken, fund Central’s share of exploration, appraisal wells. Drilling of the approximately 1,000
including additional core analysis and well and development costs to a cap of $12 million. metre horizontal section will commence
design considerations, to enable a conclusion The recent completion of 2 new production once the 7” casing has been run and
to be reached on the results from operations wells and 4 well recompletions in the cemented and the final angle build to 90
at Kyalla 117, which will inform the future Mereenie field were included in the carried degrees is achieved.
approach to further drilling and testing of the cost contribution by Cue. T3H is anticipated to reach TD at
Kyalla play in the Beetaloo Sub-basin. The Mereenie development activities approximately 4,900 metres depth by the
FALCON OIL & GAS, October 7, 2021 resulted in an anticipated additional 10 TJ/day end of October. After the completion of
of wellhead capacity from the field. Further T3H, the rig will demobilise from the EP
Cue completes Amadeus exploration and development is planned in all 161 location and a fracture stimulation
operation will be conducted on the T2H
three fields, providing multiple pathways to
Basin acquisition growth. and T3H wells. Preliminary flow test
Central Petroleum remains as operator and
results from both wells are anticipated to
Cue Energy Resources Limited (Cue) will manage the gas sales function on behalf of be available prior to the end of calendar
acquisition of interests in the Mereenie, Palm Cue under a joint marketing agreement. year 2021.
Valley and Dingo gas and oil fields in the CUE ENERGY RESOURCES, October 1, 2021 TAMBORAN RESOURCES, October 6, 2021

P16 www. NEWSBASE .com Week 40 07•October•2021