- Results from State Gas (GAS) Rougemont-2 well testing have given way to a potential coal seam gas play within its Rolleston-West Project in Queensland
- Testing intersected gas-bearing Bandanna coal measures indicating a strong correlation with measures identified by coal exploration and conventional wells
- Drill-stem tests for Rougemont-2 are said to show “excellent permeability”, with State Gas’ Executive Chairman estimating a “high likelihood of a project”
- Planning for production testing of the Rougemont wells is underway ahead of determining production metrics for both gas and water
- State Gas shares are up 1.92 per cent and trading at 53 cents at 1:29 pm AEST
Results from State Gas (GAS) Rougemont-2 well testing have given way to a potential coal seam gas play within its Rolleston-West Project in Queensland.
Rougemont-2 intersected gas-bearing Bandanna coal measures which indicate a strong correlation with measures identified by coal exploration holes and historic conventional wells in the area.
Drill-stem tests for Rougemont-2 are said to show “excellent permeability”, with eight metres of net coal confirmed.
Additionally, State Gas said initial Rougemont gas analysis indicates near-pipeline quality gas and that field values of gas content of the coals indicate a promising commercial viability.
Planning for production testing of the Rougemont wells is already said to be underway with facilities to be installed “at the earliest opportunity” to determine production metrics for both gas and water.
State Gas Executive Chairman Richard Cottee said the results indicate a high likelihood of a viable project at Rolleston-West.
“The results of the drill stem tests at Rougemont-2 have established the presence of excellent permeability,” he said.
“The correlations with other well and coal exploration data across the area, gives me great confidence of an exciting new era for the company.”
State Gas shares were up 1.92 per cent and trading at 53 cents at 1:29 pm AEST.