Canyon 1 H is OMA- Omegas' well mate, not Shells.Shell are west...

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10/10/24

20:28

Post #: 76071379
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Originally posted by chirofalls: ↑

Seems like we are all left rooting for Shell cracking the code on Canyon 1H. Good luck to us all - we're going to find out very soon. Thank the Lord there is someone competent next door getting the job done without interruption.

The Canyon-1H well in the Taroom Trough is part of Shell's broader strategy to explore and develop gas resources in Queensland's Bowen Basin. This well is being drilled as a horizontal well, which allows for greater exposure to the coal seams, potentially enhancing gas recovery.
Here are some additional details:
Exploration Focus: The well is targeting deep Permian coal seams that are believed to hold significant natural gas reserves. These coal seams are part of the region’s extensive geological formations, known for their potential gas yields.
Location: The Taroom Trough is situated at the southern edge of the Bowen Basin, an area historically known for coal mining and increasingly explored for coal seam gas (CSG) development.
Flaring and Testing: Shell has already been flaring gas in the region, which is a sign that the gas flows have been promising. However, the full flow rate is still under evaluation, with further testing required to confirm commercial viability.
Timeline: Drilling for Canyon-1H began in September 2024, with the expectation that the drilling phase would take 3 to 4 weeks. Flow tests will follow once the drilling is completed, and the results of these tests will be critical in determining the future development potential.
Significance: This well could potentially contribute to addressing Australia's energy needs, particularly in the east coast gas market, which has faced supply challenges in recent years. Successful development of gas resources in the Taroom Trough would be a significant boost to both Shell’s portfolio and Australia’s domestic energy security.
Shell’s progress with Canyon-1H is being closely watched, as the region is seen as a potential new source of natural gas for the country’s energy market.

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Canyon 1 H is OMA- Omegas' well mate, not Shells.
Shell are west of us at Taroom- Omega are on the eastern flank of the Taroom.
Canyon 1H is a new horizontal well originating from their Canyon 1 well
H- for horizontal
EXR Price at posting: 6.7¢ Sentiment: Buy Disclosure: Held
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