- Canyon-2 progressing as planned and on schedule
- Intermediate Casing successfully set, production hole drilling to commence imminently
- Investor Field trip run on the 27th of March
Progress and status
Canyon-2 was spudded on the 19th of March 2023. Since the last report the well has reached a total depth of 2786.5m MDRT (Measured Depth Rotary Table), the intermediate casing has been successfully set and cemented in place. It is expected that the production section will commence drilling imminently.
Normal gas peaks were recorded while drilling through the coals in the Walloon Sub-group, below 1550m MDRT depth. At 2736m MDRT a gas show was recorded in the Showgrounds Sandstone over an interval of 28m. The Showground Sandstone is not a target interval and will not be evaluated in this well. It confirms that gas has been moving through and is trapped in the geologic section in ATP 2038.
Figure 1 is a schematic of the Canyon-2 Wellbore. The surface and intermediate sections are outlined in the solid black lines and represents the completed intervals. The production section is outlined in white and is yet to be completed. The interpreted tops presented for the Walloons and the Showgrounds are preliminary real-time interpretations and are subject to review and change.
Investor Field Trip
An investor field trip was conducted on the 27th of March 2023, commenting on the field trip Lauren Bennett, Omega Managing Director said;
'It was a pleasure to host our investors on Canyon-2 and to show them the progress the company has made since listing on the ASX in October. It was a successful day, and I think I speak for everyone in saying that we are very excited heading into the production section of Canyon-2.
I would also like to thank the Omega and SLB rig crews for hosting us on the field trip, it was great to see the professionalism and pride on display.'
Background
Omega Oil and Gas the 100% holder and operator of Authority to Prospect (ATP) 2037 and ATP 2038 is pleased to advise that SLB Land Rig 185 successfully commenced drilling the Canyon-2 well at 0430 hours on 19th March 2023.
The Canyon-2 well will be drilled to an approximate depth of 3800 metres. The well is planned to be cased, prior to completion, fracture stimulation and flow testing later this year.
Omega will carry out mudlogging and open-hole wireline logs to better understand and characterisereservoir conditions at depth. This information will be key to finalising completion designs and to execute a fracture stimulation program.
Source: Omega Oil and Gas
