New Standard Energy (ASX: NSE) and ConocoPhillips (NYSE:COP) are poised to drill the first of an initial three well program in the onshore Canning Basin aimed at establishing the hydrocarbon prospectivity of the Goldwyer Shale.
The potentially liquids rich Goldwyer Shale is believed to have attractive economic parameters that are similar to the North American Bakken and the Eagle Ford shales.
New Standard’s three well Phase 1 program is aimed at gathering sufficient data to help delineate and better understand the hydrocarbon prospectivity of the Goldwyer.
To achieve all wells will be fully cored in the Goldwyer formation with sophisticated mud logging and a comprehensive suite of wireline logs acquired.
The MB Century Rig 14 is now rigging up to spud the Nicolay-1 well, which will be drilled to a total depth of 3200 metres.
The potentially liquids rich Goldwyer Shale is believed to have attractive economic parameters that are similar to the North American Bakken and the Eagle Ford shales.
New Standard’s three well Phase 1 program is aimed at gathering sufficient data to help delineate and better understand the hydrocarbon prospectivity of the Goldwyer.
To achieve all wells will be fully cored in the Goldwyer formation with sophisticated mud logging and a comprehensive suite of wireline logs acquired.
The MB Century Rig 14 is now rigging up to spud the Nicolay-1 well, which will be drilled to a total depth of 3200 metres.
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