METGASCO has announced first stage of its reservoir testing program at the Kingfisher E1 well has begun.
Located in the Clarence Moreton basin in northern New South Wales, the well was initially drilled in November 2009 to appraise the Heifer Creek and upper Gatton sandstones and explore the lower Gatton and Ripley Road sandstones.
Metgasco claims the well was perforated over a 5.3m interval between 2,043.7 and 2,050m in the Ripley Road sandstone before it was shut in and the pressure was allowed to stabilise.
At the end of the 15 hour flow test it produced a stabilised rate of 2.97 million scfd.
Metgasco managing director, David Johnson, says from this results there is potential for further gas drilling.
“This result is only from 5.3 metres of a total of 30.3 metres of estimated net pay and in a total gas bearing interval of 138.3 metres. Clearly there remains substantial additional potential to increase total open hole flowing capacity,” Johnson says.
“The results confirmed Metgasco’s initial assessment that Kingfisher E1 constituted a major discovery and the first significant discovery of natural gas in New South Wales in over a century of exploration.”
Johnson claims the test results confirm there are substantial potential for both conventional hydrocarbon resources and coal seam gas, which remain underexplored.
Testing in this zone will continue over at least the next week. Following the completion of this test, the company will develop the test program for additional zones.
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