Total
0
Shares
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Galilee Energy (GLL) has announced its Glenaras 17A monitoring well has reached total depth, with all Betts Creek coal seams intersected as planned
  • A total of 30 metres of net coal was intersected, which is significantly above the regional average
  • Galilee has collected pressure data from all major intervals and has commenced analysis to determine forward plans
  • Company shares remain in the grey, trading for 36 cents each

Galilee Energy (GLL) has provided an update on drilling operations at its Glenaras multi-lateral pilot program located in the Galilee Basin.

The Glenaras 17 vertical monitoring well was spudded on May 2. This well is located outside the Pilot area, approximately 150 metres to the southwest of the Glenaras 15L lateral.

The company encountered drilling difficulties in the hole at a level significantly above the Betts Creek coals. So, Galilee decided to re-drill the well and Glenaras 17A was spudded on May 10.

Glenaras 17A was then successfully drilled to planned total depth and pleasingly intersected the full Betts Creek coal section.

“The team executed the drilling under some difficult conditions and did so safely which is of paramount importance, particularly given the added challenges of addressing operational and personnel management during the COVID-19 outbreak,” Managing Director Peter Lansom said.

All coals were encountered as expected, with excellent development of the R3 coal seam. A total of 30 metres of net coal was intersected including three metres in the R3 coal seam.

A complete set of wireline logs were run, and pressure testing was conducted on key intervals within the Betts Creek section and the Upper Hutton aquifer.

Initial data has shown no depletion from the main aquifer units above the Betts Creek coals, but does show depletion over several intervals within the Betts Creek section, with the most depletion over the R3 section.

The well has now been cased as a future monitoring and producing well and the rig was released on May 17.

Along with the pressure data collected from Glenaras 17A, Galilee will conduct pressure build-up surveys within the Glenaras Pilot this week. The complete data will then be analysed to determine the progress of the Pilot and the forward plan.

In addition, the company is halfway through a program to seal up the nearby fracture stimulated wells at the legacy Rodney Creek and Glenaras five-spot pilots. The program is expected to be fully completed in the next two to three weeks.

Company shares remain in the grey and trading for 36 cents each at 1:11 pm AEST.

GLL by the numbers
More From The Market Herald

" Sparc Technologies (ASX:SPN) and University of Adelaide to form hydrogen JV

Sparc Technologies (SPN) and the University of Adelaide (UoA) are set to form a joint venture hydrogen technology company.
Triangle Energy (ASX:TEG) - Managing Director, Robert Towner

" Triangle Energy (ASX:TEG) and Pilot Energy (ASX:PGY) complete Cliff Head crude oil lifting

Triangle Energy and (TEG) and Pilot Energy (PGY) say the Cliff Head Joint Venture (CHJV) has lifted 107,000 barrels (bbls) of Cliff Head
Armour Energy (ASX:AJQ) - CEO, Brad Lingo

" Armour Energy (ASX:AJQ) appoints lead manager for McArthur IPO

Armour Energy (AJQ) has appointed a lead manager for the initial public offering and proposed listing on the ASX of McArthur Oil &
Elixir Energy (ASX:EXR) - Managing Director and CEO, Neil Young

" Elixir (ASX:EXR) flows gas and water to surface in Mongolia

Elixir Energy (EXR) has updated the market on its exploration and appraisal program underway across its Nomgon IX Coal Bed Methane (CBM) Production