Real En­ergy to ac­cel­er­ate Win­do­rah

The Australian Energy Review - - NEWS - Cameron Drum­mond

OIL and gas ex­plorer Real En­ergy has raised $2.34 mil­lion through a share place­ment to ac­cel­er­ate ex­plo­ration at its flag­ship Win­do­rah gas project in the Cooper Basin, QLD.

The com­pany said it had com­menced a plan to drill two ad­di­tional ap­praisal wells – Ta­ma­rama 2 and 3.

Real En­ergy man­ag­ing di­rec­tor Scott Brown said the fund­ing raised was a strong vote of con­fi­dence in Win­do­rah and the com­pany’s growth strat­egy.

“We are very en­cour­aged by the per­for­mance of the Ta­ma­rama-1 well to date, and it clearly demon­strates that we po­ten­tially have a large gas re­source at the Win­do­rah project,” Mr Brown said.

“This re­in­forces our be­lief that the gas re­source at Win­do­rah is very sig­nif­i­cant, and as such, we are keen to drill Ta­ma­rama-2 and 3 to prove up the de­liv­er­abil­ity of the project as soon as pos­si­ble.

“We po­si­tioned the com­pany to take ad­van­tage of this [gas cri­sis] and our aim is to very quickly prove up at least 1 tril­lion cu­bic feet of gas and make this avail­able for do­mes­tic mar­kets.”

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