Venus-1 to be Completed As Real Energy and Strata-X Energy’s First Pilot Production Well

  • November 09, 2020 12:31 PM AEDT
  • Team Kalkine
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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.

 

 


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