Promising Early Results from Isabella Gas Prospect
Amplitude Energy Limited (ASX: AEL), an Australian gas production company supplying the southeast domestic market, has reported encouraging progress from drilling operations at the Isabella prospect in the Offshore Otway Basin, Victoria. The company holds a 50 percent operating interest in permit VIC/L24 alongside joint venture partner O.G. Energy. The Isabella well is being developed as a sidetrack, known as ST-1, from the previously drilled Elanora-1 well, with drilling focused on the Waarre C sandstone reservoir as the primary target.
Drilling successfully intersected the primary Waarre C reservoir at a depth of approximately 1,905.6 to 1,916.3 metres. The well encountered around 11 metres of gross pay and approximately 8 metres of net gas-bearing pay within the reservoir sands. A formation evaluation program using Modular Dynamic Testing and wireline logging was conducted between 3 and 6 March to collect pressure data and gas samples. Initial analysis indicates the presence of hydrocarbon gas with relatively low carbon dioxide levels of about 5 mol percent and strong indications of good reservoir deliverability.
Technical interpretation suggests the gas-water contact lies below the reservoir intersection, indicating potential for a larger gas accumulation. The joint venture has approved casing, completion, and a flow test to determine gas volumes, reservoir pressure, and composition before making a development decision.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Promising Early Results from Isabella Gas Prospect
Amplitude Energy Limited (ASX: AEL), an Australian gas production company supplying the southeast domestic market, has reported encouraging progress from drilling operations at the Isabella prospect in the Offshore Otway Basin, Victoria. The company holds a 50 percent operating interest in permit VIC/L24 alongside joint venture partner O.G. Energy. The Isabella well is being developed as a sidetrack, known as ST-1, from the previously drilled Elanora-1 well, with drilling focused on the Waarre C sandstone reservoir as the primary target.
Drilling successfully intersected the primary Waarre C reservoir at a depth of approximately 1,905.6 to 1,916.3 metres. The well encountered around 11 metres of gross pay and approximately 8 metres of net gas-bearing pay within the reservoir sands. A formation evaluation program using Modular Dynamic Testing and wireline logging was conducted between 3 and 6 March to collect pressure data and gas samples. Initial analysis indicates the presence of hydrocarbon gas with relatively low carbon dioxide levels of about 5 mol percent and strong indications of good reservoir deliverability.
Technical interpretation suggests the gas-water contact lies below the reservoir intersection, indicating potential for a larger gas accumulation. The joint venture has approved casing, completion, and a flow test to determine gas volumes, reservoir pressure, and composition before making a development decision.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au