Project Profile
Value: Undisclosed
Location: western flank of the Bowen Basin, Queensland, Australia
Area: 181 square kilometres
Reserves: 1 billion cubic feet of gas
Depth: unknown
Production: 1.2 million cubic feet per day
Start-up Year: -
The Reid’s Dome Tenement covers an area of 181 square kilometres on the western flank of the Bowen Basin in Queensland. The Reid’s Dome Gas Field is situated within Reid’s Dome Tenement and based on initial reservoir studies, a reserve of up to 1 billion cubic feet of gas is indicated for the three wells drilled on the Reid’s Dome Gas Field prior to November 1994. The 1993 appraisal well in the Reids Dome Gas Field, drilled by Victoria Petroleum N.L (“Victoria Petroleum”), Aldinga North-1, flowed gas at a rate of 1.2 million cubic feet per day.
Drilling of the Primero -1 well to 1,565 metres in the northern part of the Reid’s Dome Tenement twinning the original shallow gas discovery well, AOE-1 commenced in late June 2006. Early success was encountered in July 2006 with Primero-1 testing a gas flow of 2.8 million cubic feet per day from the field’s shallow gas sand at 150 metres. Drilling of the deeper target which encountered numerous oil and gas shows in the original heavily mud invaded AOE-1 was carried out. Additional gas zones have been intersected in the Reids Dome Beds around 1,500 metres. Following the completion of drilling at Primero -1, an extensive testing program was commenced to determine the reserves of the Reids Dome Gas Field at the shallow horizon with a view to the potential commercialisation of the gas field, subject to sufficient gas reserves being proved.
The Reid’s Dome Tenement is 40% owned by Victoria Petroleum N.L., 40% owned by Dome Petroleum Resources PLC and 20% owned by Triangle Energy (Global) Limited. Victoria Petroleum is now the operator of the Reid’s Dome Tenement by virtue of a joint venture agreement.
Operators:
Triangle Energy (Global) Limited: Operator with 60% interest
Dome Petroleum Resources PLC: 40% interest