Page 11 - AsianOil Week 25 2021

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exciting first step for the planned 2021 work pro- attracted an increasing amount of support
gramme which will cover three different plays in from the Australian government, which is
the Beetaloo, providing key information that will looking to bolster domestic gas produc-
help determine the future appraisal and develop- tion and lower local gas prices for domestic
ment programme.” industry.
The Kyalla shale play has two prospective The Canberra government has unveiled mil-
stacked targets in the gas window, and one in the lions in funding for both exploration drilling in
oil window. the sub-basin as well as infrastructure projects in
The Beetaloo is one of the most prom- the NT that are geared towards speeding up the
ising shale plays outside the US and has Beetaloo’s development.™

Vintage upbeat over Cooper Basin wells

PROJECTS & AUSTRALIAN independent Vintage Energy Vintage operates the 370-square km ATP
COMPANIES has encountered promising signs at its two drill- 2021, which covers the southern flank of the
ing programmes in the Cooper Basin. Nappamerri Trough, with a 50% stake, while
The company said on June 23 that the Vali-3 Metgasco and Bridgeport Cooper Basin each
well in authority to prospect (ATP) 2021 had own 25% interests.
been drilled to 2,774 metres in the Epsilon For- The Odin-1 well in Petroleum Retention
mation and was on track to reach a total depth Lease (PRL) 211, meanwhile, reached a total
over the coming weekend. depth of 3,140 metres on May 26 and encoun-
While the well has observed gas shows and tered extensive gas shows in sandstones in the
minor oil shows in the Toolachee Formation, in primary target in the Toolachee and Patchawarra
addition to the gas shows observed previously in formations, as well as a basal sand in a secondary
the mid-Nappamerri Formation, Vintage said it target in the Epsilon Formation.
was unlikely that oil would be recoverable from The company estimates that 172.5 metres of
Toolachee. net gas pay exists within various sections of the
However, the company remained upbeat not- well.
ing that the shows were an encouraging sign of Vintage operates PRL 211, which lies adja-
possible oil migration to shallower Jurassic pros- cent to ATP 2021, with a 42.5% interest, while
pects and leads in the area, which is analogous to Metgasco and Bridgeport each own 21.25% and
the Cooper Basin Western Flank. Impress Cooper Basin has the remaining 15%.
Vali-3’s primary objective is to appraise the Vintage said the analysis of the gas sample
extent of the deeper Patchawarra Formation gas recovered from Toolachee highlights the richer
accumulation discovered in Vali-1 ST1 and con- hydrocarbon content of this formation when
firmed in Vali-2. compared with Epsilon and Patchawarra.™

Week 25 24•June•2021 www. NEWSBASE .com P11