For those old GOGer, we know how good the chances are of success. They are basically refining a drill that produced record gas flows two years ago. The chances of the good signs reported today turning into very good flow rates in the next couple of days are good.
Major gas strike in Cooper Basin, South Australia
Posted: 7 March 2006
The 11 million cubic feet per day gas flow achieved in testing the Middleton-1 exploration well late yesterday represents one of the strongest gas flows ever recorded in the South Australian Cooper Basin.
The well is some 50 kilometres west of the Moomba petroleum treatment centre in the north-east corner of South Australia, which supplies Sydney and Adelaide with natural gas. Being drilled by Beach Petroleum on Great Artesian Oil and Gas Limited’s areas, the two companies will share 50:50 in the success.
Great Artesian’s Chairman, Norm Zillman, said “The gas flow at Middleton-1 completes a hat-trick for us: three out of three successes from our current drilling campaign - Rossco-1, Udacha-1 and now Middleton-1 wells have each been cased and suspended as potential future gas/condensate producers.
Great Artesian earlier this year started oil production, now running at approximately 20,000 barrels per month, from its Kiana field and last week began gas and condensate production from its Smegsy Block joint venture with Enterprise Energy; both in the Cooper Basin area.
“Middleton-1 caps off what has been a fantastic start to the year,” Mr Zillman said.
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