Empire Energy managing director Alex Underwood has described the September quarter as “busy and successful” for the company, with it drilling the Carpentaria-1 well in the Beetalo Basin, Northern Territory.
Just the second well drilled in the Beetaloo Basin under new regulations, the company has exceeded expectations in terms of thickness of the shales and the presence of higher value liquids.
“Our intersection of liquids rich gas is a new paradigm for this major emerging basin. These results are likely to materially impact our resource assessment which has previously assumed that we would encounter dry gas and give us greater optionality to consider early commercialisation strategies,” Underwood said.
“Our neighbours continue to generate strong results and are planning further material investments to continue appraising major discovering in the year ahead. This activity enhances our understanding of our own properties and how to add value to them.”
According to Empire, field crews have now undertaken a formation evaluation program comprising wireline logging, coring and diagnostic fracture injection tests.
Over the comping months, the company will evaluate the wireline logs, sidewalk cores and drill cuttings and integrate it with regional data to estimate gas in place, plan future heraldic stimulation and drilling of future horizontal wells.
In the second quarter of 2021, Empire plans to start hydraulic stimulation and flow testing at Carpentaria-1.
Empire’s evaluation program has established that the thick Velkerri Formation in EP187 contains liquid-rich gas across multiple pay zones.
According to Empire, the zones have attractive technical characteristics for further appraisal and production testing.
The company expanded the evaluation program following initial drilling results that were encouraging, with all logging, DFIT (diagnostic fracture injection testing) and large diameter rotary sidewall coring successfully executed.