State Gas has reached total target depth of 800m at the Rougemont-1 well, part of the company’s new Rolleston-West gas project in Queensland.
On Sunday at 12pm the company hit total depth of the well, with the core samples being taken from the well with 100 per cent recovery.
The well geology has been lodged and further testing is underway.
The company outlined that the well logs confirm the intersection of 8m of net coal, hosted in a number of seams, with the thickest seam measuring 2.2m.
Executive chairman Richard Cottee said he is very pleased with the early results.
“It is always gratifying to receive positive results that justify the decision to compete for new gas acreage,” he said.
“These results more than justify that decision, and indicate gas contents similar to those hosted in other Bandanna coals, which led to the company applying for this acreage.”
In addition, the top coal was intersected at 495m depth, which also correlates with the coals in the Arcadia Valley and Mahalo projects.
The Rougemont-1 well is the first of two planned wells being drilled to evaluate the highly prospective Bandanna coals in the eastern arm of the new Rolleston-West permit, which was granted to the company by the Queensland Government last year.
The Bandanna Formation is established as a host of commercially viable coal seam gas, producing at the Arcadia Valley and under development at Mahalo at similar distances to the south-east and north-east of ATP 2062.