Rohan Gillespie, Red Sky Energy managing director, told Proactive Investors today the approval for drilling the Talma pilot production well came amidst growing interest in the use of the company’s gas resources for domestic power generation
Red Sky Energy (ASX: ROG) has reached a key milestone after the New South Wales Government gave its approval for the drilling of the Talma pilot production well in the Clarence Moreton Basin.
Managing director Rohan Gillespie told Proactive Investors the approval was exciting news for the company.
“There is growing interest in our activities as there is potential for our gas to be used for domestic gas-fired power generation. Our assets are ideally located for this.”
The company will now contract a drilling rig to drill the well, which targets the highly prospective Kangaroo Creek Sandstone gas resource.
Gillespie said while it was uncertain when this would be achieved, the company had historically taken about 3 months to secure a drilling rig.
Red Sky had previously said it would drill the pilot well with air to avoid water contact with the reservoir and avoid expanding clays.
Once the well was completed, it would be operated over an extended period of several months to allow for initial reserves certification.
Kangaroo Creek
Red Sky had in August last year confirmed the Talma-1 gas discovery in PEL 457 had made a prospective tight gas discovery that could be similar to highly productive shallow gas formations in Western Canada and Northern U.S..
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Managing director Rohan Gillespie told Proactive Investors the approval was exciting news for the company.
“There is growing interest in our activities as there is potential for our gas to be used for domestic gas-fired power generation. Our assets are ideally located for this.”
The company will now contract a drilling rig to drill the well, which targets the highly prospective Kangaroo Creek Sandstone gas resource.
Gillespie said while it was uncertain when this would be achieved, the company had historically taken about 3 months to secure a drilling rig.
Red Sky had previously said it would drill the pilot well with air to avoid water contact with the reservoir and avoid expanding clays.
Once the well was completed, it would be operated over an extended period of several months to allow for initial reserves certification.
Kangaroo Creek
Red Sky had in August last year confirmed the Talma-1 gas discovery in PEL 457 had made a prospective tight gas discovery that could be similar to highly productive shallow gas formations in Western Canada and Northern U.S..
Read More
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