Real Energy Corporation (ASX: RLE) has announced that the fracture stimulation of the company’s Tamarama-2 and 3 wells will kickstart this month. Both, Tamarama -2 and Tamarama – 3 constitute new well designs which would help in increasing the productivity by aligning the hydraulic and the wellbore. The Cooper Basin focused oil & gas company stated that the ‘alignment flow technology’ is the outcome of in-depth ongoing research with Prof Raymond Johnson Jr at the University of Queensland. The technology helps in streamlining hydraulic fracturing designs. The company believes that they are ascending towards achieving an optimized hydraulic fracture and enhanced flow by integrating the wellbore, perforations and the hydraulic fractures with the prevailing stress directions.
Earlier, Real Energy conducted reservoir modelling to increase the design of the fracture stimulation. RLE will also conduct a 3-stage fracture stimulation in Tamarama -2 and a 4-stage fracture stimulation in Tamarama-3 in Toolachee -Patchawarra formation sections. RLE stated that the reservoir modelling by deploying the acquired stress and permeability data and enhanced fracturing designs suggest that the wells initial production would be more than 3MMscf/day in both Tamarama-2 and Tamarama- 3 wells.
Scott Brown, Managing Director of Real Energy stated that the fracture stimulation of Tamarama-2 and Tamarama -3 plays a significant part in Real Energy’s bid towards commercializing the Windorah Gas Field. The wells according to Brown would assist in proving the commercial flow rates ensuing much broader field development program. He added that Real Energy is in a strong position to take maximum advantage of growing demand in Australia east coast gas and the well stimulation program would help further towards achieving the excellent results.
The stock was down 2.4% on September 14, 2018 (1:38 PM AEST).
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