WestSide Corporation Ltd announced that Galilee Basin exploration well Glenlyon 2, within ATP 974P in north western Queensland, has been drilled to 1,222 metres and intersected in excess of 10.8 metres of gross coal measured.
Due to the onset of the summer wet weather season in the region the Joint Venture has prudently suspended operations and expects coring at Glenlyon 2 to recommence when the drilling program resumes in March/April next year.
The well intersected approximately 80 metres of Betts Creek Formation, but has not yet intersected the main target horizon, being the Aramac Coal Measures.
Glenlyon 2, sited about 70km south of Richmond, is the second in an exploration program investigating the hydrocarbon potential of the Permian-age Betts Creek and Aramac Coal Measures present throughout the basin.
WestSide has a 51 per cent operating interest in ATP 974P and ATP 978P in joint venture with Mitusi E&P Australia Pty Ltd which has a 49 per cent interest in both tenements.
The tenements in the north-western part of the Galilee Basin cover a combined area of 14,480 km2 which WestSide believes could contain up to 21 trillion cubic feet of gas in place.
[mappress]
LNG World News Staff, December 14, 2011