Cooper Basin focused oil & gas exploration company Real Energy Corporation Limited ('Real') has signed a contract with Ensign International to commence drilling at its 100%-owned ATP927P exploration permit in the Cooper Basin in early September 2014.
A contract has been signed for Rig 916 with one firm well and an option for two additional wells. Drilling of the Tamarama-1 well is expected to commence in early September 2014 with two additional wells in the region, Avalon-1 and the West Flynnes-1, scheduled for drilling subject to the results of Tamarama-1. ATP 927P is surrounded by proven and producing gas and oil fields operated by Santos, and gas production is being used to feed growing demand for east coast gas.
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Real Energy Corporation
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