Posts Tagged ‘Galilee Energy’

ASX Company News: Galilee Energy Discovers Gas At Galilee Project

Thursday, October 6th, 2011

Galilee Energy Limited (GLL) announced that the operator, AGL Energy Limited (AGK), of the Galilee Gas Project has reported the project’s first gas discovery.  Glenaras 6, part of the Glenaras close-spaced five-spot production pilot, started to flow at a steady rate of approximately 54 Mscf per day for a period of four days before the well was temporarily shut down for maintenance.

The geological significance of this gas flow is that it constitutes the first measurement of a stabilised gas flow from a coal seam gas pilot in the Galilee Basin. Glenaras 6 is a cased and fracture stimulated well that accesses the R3 to R7 coal seams of the Betts Creek Beds.

Operation of the Glenaras pilot continues.  Glenaras 2, 4 and 6 are operating and continue to depressure the coals.    Glenaras 3 and 5 are shut down awaiting installation of new pumps in October.

The three hole Glenaras step-out drilling campaign has successfully completed  wells  GA07, GA08 and GA09.  This campaign included drilling three vertical wells and recovering core from GA07 and GA08 (Core recovery was not required from GA09 due to  the close  proximity of Crossmore South  01  previously cored).  All wells were wireline logged and tested for permeability, full reports are awaited.  The wells are suspended for future  use as  production wells.

“AGL embedded key lessons learnt from earlier exploration and introduced technology to drill exploration wells with high quality core recovery which can be used as future production wells.   This demonstrates our joint focus on operational excellence and capital efficiency,” CEO Glenn Haworth said.

www.galilee-energy.com.au

http://www.traderdealer.com.au/fundamentals/gll

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