Sep 15, 2020

Pilot well planned next month at Project Venus

Pilot well planned next month at Project Venus A Wellpro coil tubing unit will be mobilised to Project Venus when the well has been drilled.

Drilling contractor Silver City has been selected to drill the first CSG pilot well at Project Venus, within the Surat Basin Walloon CSG fairway.

The Venus pilot drilling and set up is planned for October,  with the subsequent production test expected to continue into early 2021. 

Project Venus joint venture partner Strata-X said the proposed production test would help model and predict future gas flow rates. 

The results would either lead to an expanded pilot or, if commercial flow rates are achieved, see the joint venture commence an aggressive appraisal program to certify sufficient reserves to secure gas sales agreements, allowing commercial field development.

The Venus-1 well is planned to be drilled to 400m, cased, then drilled out to a total depth of approximately 680m, leaving the highly gas saturated Juandah coal seams open and uncased.

Shortly after the Silver City drill rig is demobilized, a Wellpro coil tubing unit will be mobilised and carry out a short-term initial water influx test.

After this, about 40 different intervals of highly gas saturated Juandah coal seams will be abrasive jetted.

Abrasive jetting is a non-frack coil tubing-deployed reservoir stimulation method, designed to improve water influx and ultimately gas flows from the targeted gassy coals.

Strata-X is undertaking a non-brokered private placement to raise up to $700,000 towards Venus-1.

Strata-X Energy and Venus joint venture partner Real Energy have agreed to merge and rename the merged company Pure Energy. Post-merger, Pure Energy will own 100 per cent of Project Venus.

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