Oz Vintage Finds Gas in Queensland
Sydney-listed Vintage Energy January 16 announced its Vali-1 ST1 in ATP 2021 in Queensland has discovered gas in the primary Patchawarra Formation target. The well is currently being cased and suspended for potential stimulation, flow testing and future production.
Analysis of the data gathered indicated the discovery of over 35 metres of interpreted log net gas pay over a gross 312 metre interval in the Patchawarra Formation target. The Patchawarra Formation was the primary target for the well and this result is on the high side of pre-drill estimates, Vintage said.
“The resource associated with Vali will be re-assessed based on all the data available and will be the subject of a separate announcement at a future date. As with other similar wells in the Cooper/Eromanga basins, stimulation will be considered by the joint venture as a method to increase permeability and flow rates in the Patchawarra sandstones,” the company added.
Vintage is the operator of the ATP 2021 joint venture with Metgasco (25%) and Bridgeport (25%).