Real Energy States Tamarama – 2&3 Well Stimulation Would Begin This Month

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. [optin-monster-shortcode id="wxhmli4jjedneglg1trq"]

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).

Dividend Stocks To Buy

The Income available from dividends remains attractive for many investors.

We take a look at the best yields on the market and assess what they say about a company’s prospect.

One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”

ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.

Click here to get your free report.


The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.

The website is a service of Kalkine Media Pty. Ltd. (Kalkine Media) A.C.N. 629 651 672. The principal purpose of the content on this website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK