Exoma Energy has received independent laboratory analyses for the Bessies-1 well, located in central Queensland, Australia.
The results confirm that the Toolebuc shale is a major oil and associated gas-generating region.
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Preliminary data show the presence of mobile hydrocarbons, with initial oil in place and gas in place values estimated for the area around the Bessies-1 well location.
These estimates are based on pyrolysis S1 peak values, which have been converted to equivalent million barrels per square kilometre and the sum of free and adsorbed gas storage capacity.
The company drilled three core wells – Bessies-1, Euston-1 and Katherine-1 – in the ATP 999 P permit this year.
The wells were specifically drilled to target the Toolebuc shale.
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By GlobalDataUS oilfield services group Weatherford Laboratories is undertaking initial geochemical and petro physical screening of core samples.
The final reports of the ongoing screening, part of the company’s comprehensive analysis programme, are expected in January 2012.
Exoma said that it is still waiting for the core analysis data from Euston-1 and Katherine-1.
US-based Corelab is conducting further independent analysis of the core from the three wells, with the results available in January 2012.
This is Exoma’s first systematic technical confirmation that the Toolebuc shale contains liquid hydrocarbons, bitumen and associated gas under its shale exploration programme for 2011.
Exoma will undertake primary scientific and technical research into the Toolebuc and surrounding shales as a large-scale hydrocarbon system.
Exoma has a 50% beneficial interest in ATP-999-P; CNOOC Galilee Gas Company is earning its participating interest via a farm-in, and CNOOC will provide the initial $50m of joint venture expenditures on Exoma’s five Galilee Basin ATPs.
