Innamincka – Gas Discovery at Yarrow 3 Well

Source: www.gulfoilandgas.com 9/26/2022, Location: Not categorized

HIGHLIGHTS
• Yarrow 3 Gas Well reached total depth of 2748m
• Preliminary wireline evaluation of the Tirrawarra Sandstone and Patchawarra Formation in Yarrow 3 has been conducted
• Gas encountered in both the Tirrawarra sandstone and Patchawarra formation

Red Sky Energy is pleased to provide an update on the completion of the drilling of the Yarrow 3 well at the Innamincka Dome licenses (Innamincka).

Santos Limited have advised the Yarrow 3 vertical well in PRL17 in the Cooper Basin has been completed with no incidents, reaching a total depth of 2748m. Preliminary wireline logs evaluation indicate gas has been encountered in the Tirrawarra sandstone and the Patchawarra formation.

Commenting on the drilling progress, Red Sky Managing Director, Andrew Knox, said:
“Santos has advised the completion of the drilling at the Yarrow 3 well with Preliminary wireline evaluation of the Tirrawarra Sandstone and Patchawarra Formation in Yarrow 3 being conducted.

Red Sky is extremely pleased with some results showing greater than 8% porosity and 50% hydrocarbon saturation. As a result, the well will be cased and suspended as a potential future producer.”

Innamincka Projects
Santos Limited mobilised a rig and commenced drilling at Yarrow on Thursday 15 September 2022 with a total depth of 2748m reached on Saturday 24 September 2022. Red Sky holds 20% working interest in six PRLs (14, 17, 18, 180, 181, 182) at the Innamincka Dome in the Cooper Basin and is free carried through the drilling of this current well up to a cap of $3 million.

Yarrow has been estimated to have a 2C contingent resource of 18BCF. A further 20BCF 2C of associated gas is estimated at the Flax oil field 8km to the south east of Yarrow (see ROG ASX announcement 6 May 2019). Yarrow 3 is an appraisal gas well targeting the Tirrawarra sandstone as primary objective and the Patchawarra formation as secondary objective.

A pipeline of approximately 18km would potentially be built to tie into the grid at Napowie to the south of the Yarrow gas field.


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