Venus-1, the first CSG pilot well in the ATP 2051P Project Joint Venture between Real Energy Corporation Limited (ASX:RLE) and Strata-X Energy Ltd, has been suspended as a future pilot production well.
The well reached its total depth of 715 metres, and the rig is demobilising. Several coal intervals with outstanding gas shows were recorded with a preliminary interpretation of the wireline logs indicating ~25 metres of net coal pay.
During the weekend, the Juandah coals were underreamed, a liner run over the underreamed section and a wellhead was installed.
After a coil tubing enhancement program, Venus-1 will be completed as the JV’s first CSG pilot production well.
RLE traded at $ 0.024, mid-day on 9 November 2020.