Comet Ridge Drills First Well in Galilee Basin

Australian coal seam gas player Comet Ridge has drilled the first well in its three-well drilling campaign in the Galilee Basin, Queensland. The company holds 100 per cent equity in ATP 744P.

The Gunn 2 well is located 93 km NNW of Aramac and 576 km WNW of Gladstone. The well was spudded on 10 October 2012 and reached a total depth of 1,050 metres. All coal intervals tested demonstrated good to excellent productivity.

Managing Director, Tor McCaul, said the company was extremely pleased with the productivity of the coals and added that the well flags an important milestone for the Comet Ridge, as the first production well in the Galilee Basin.

The rig will now move southeast to drill Schmitt 1, followed by Cernan 1, as Phase 1 of the farm-in to the Lake Galilee Farm-in Area (in ATP 1015P), announced in July 2012. These two wells will be cored to measure key coal properties and whilst wireline conveyed testing tools may be utilised to examine coal productivity, there are no current plans for Extended Production Tests on these two wells.