Cooper Basin focused oil & gas exploration company Real Energy Corporation Limited provides progress report for its maiden exploration well, Tamarama-1, in the Queensland Cooper Basin ATP 927P.

Electric logs have been recorded and preliminary wireline log interpretation in integration with mudlog gas readings and drill cuttings have indicated the presence of gas saturated Permian Toolachee and Patchawarra formations section at the Tamarama-1 location.

The petrophysical evaluation, using conservative 8% porosity cutoff for pay calculation, indicates the well has encountered 21 metres of net sandstone gas pay (from gross 44 metres) in the Toolachee Formation and 66 metres of net sandstone gas pay (from gross 121 metres) in the Patchawarra Formation.

Tags: Real Energy Corporation