Exoma finds Katherine hydrocarbons

Australia's Sam Cordingley and Drew Mitchell celebrate after defeating Canada in their Group B Rugby World Cup match in Bordeaux September 29, 2007. REUTERS/Regis Duvignau (FRANCE)

Good find: Exoma will conduct specialist core testing and analysis to help it determine how best to exploit the find.

REUTERS/REGIS DUVIGNAU

related stories

Andrew Hobbs

, Andrew Hobbs

 27 September 2011 08:43 GMT

Australia’s Exoma Energy has suspended work on its Katherine-1 well on ATP 999P in Queensland’s onshore Eromanga basin after finding hydrocarbons.

The well, located 60 kilometres south south west of Longreach, was spudded in August to target shale gas in the Toolebuc formation at a depth of 590 metres.

Katherine-1 is the fifth well of Exoma’s current 12 well drilling campaign in the Eromanga and Galilee basins.

In an announcement today, Exoma said it had recovered 42 metres of core through the Toolebuc shale, above the 38 metres expected.

The core was yielding hydrocarbons while undergoing desorption testing, similar to the cores of neighbouring wells Bessies-1 and Euston-1, with Exoma saying they confirmed the presence…

Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?

Login

Upstream share price index