Red Sky Energy Completed Drilling of Yarrow 3 Well at the Innamincka Licenses

Source: 9/29/2022, Location: Not categorized

Red Sky Energy (ROG) (Red Sky) is pleased to provide an update post the completion of the drilling of the Yarrow 3 well at the Innamincka Dome licenses (Innamincka). Red Sky holds 20% working interest in six PRLs (14, 17, 18, 180, 181, 182) at the Innamincka Dome in the Cooper Basin.

Santos Limited (STO) advised the drilling operations at Yarrow 3 vertical well in PRL17 in the Cooper Basin have been completed. Yarrow 3 drilling was an operational success, with no incidents. The 4-1/2 inches production casing has been set at a depth of 2744.5 metres and cemented as per the program. The well has been suspended, and the rig has been released. The wireline data collected at Yarrow 3 will now be evaluated to set the forward plan.

Commenting on the Yarrow 3 gas well, Red Sky Managing Director, Andrew Knox, said:
“Red Sky is pleased with the successful completion of drilling operations at Yarrow 3. Preliminary results from wireline operations clearly indicate the presence of gas in both the Patchawarra formation (top 2624mMD) and Tirrawarra sandstone (top 2648mMD). The Company looks forward to setting the work programme going forward.”

Innamincka Projects
Santos Limited (STO) mobilised a rig and commenced drilling at Yarrow on Thursday 15 September 2022 with a total depth of 2748m reached on Thursday 22 September 2022.

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 (Flax is a shut in oil field with associated gas that has not yet been produced). 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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