Preliminary wireline log interpretation, together with mud log gas readings and drill cuttings indicate the presence of gas saturated Permian Toolachee and Patchawarra formations at the Tamarama-3 located approximately 520 m West-Northwest from Tamarama-1 at the Patchawarra Formation top level.

The petrophysical evaluation, using standard 5% porosity cut-off for pay calculation of the Basin Centred Gas Play, indicates the well has a combined net pay of 58.9 m true vertical thickness, being 11.6 m of net sandstone gas pay (from a gross 41 m true vertical thickness) in the Toolachee Formation, and 47.3 m of net sandstone gas pay (from gross 130.5 m true vertical thickness) in the Patchawarra Formation.

The gross and net pay thickness encountered in Tamarama-3 are similar to those in Tamarama-1. The gas shows in the Nappamerri Formation, as previously reported, were in a thin sandstone unit with log interpreted net gas pay of less than 1 metre.

The well has now been cased and cemented to the total depth of 2634 m and suspended for fracture stimulation.

Managing Director of Real Energy, Mr Scott Brown commented:

“This is an excellent result which is consistent with our geological model and aligns with the pre-drilling predictions.

“The well is located 520m from Tamarama-1, and most, if not all gas sandstone units in the Toolachee and Patchawarra formations sections in this well could be easily correlated to those in Tamarama-1.

“Real Energy has a significant gas resource. The net pay encountered in both Tamarama-2 and now Tamarama-3 is very attractive for Real Energy and again reinforces our view that the Windorah Gas Field holds considerable unlocked value that we are only just starting to tap.”