• oil gas exploration

About Real Energy

 Real Energy Corporation Limited is an Australian listed (ASX:RLE) oil and gas explorer.

Real Energy is an oil and gas exploration and development company with a focus on the Cooper  basin, Australia’s most prolific conventional onshore petroleum producing basin. Established in 2009 the company covers a large acreage of over 2 million acres with 100% retained interests and the ability to farm down as a potential funding source in the future. Real Energy’s tenements contain vastly under explored areas and provide a number of opportunities for the company including:
- unconventional basin centered gas/condensate in the Permian
- unconventional shale oil resources within the Toolebuc shale formation
- numerous conventional oil and gas targets within Jurassic sandstone reservoirs
 
Real Energy has 3 large permits in Queensland being ATP 917P, ATP 927P and ATP 1161PA. These permits cover 8,314 Sqkms (or 2,054,435 acres). 
 
Real Energy is focusing initially on the Toolachee and Patchawarra formations. These formations are well known throughout the basin as holding and producing gas. Around our permit ATP927 there have been 25 wells drilled in close proximity, which at a minimum, all have some gas shows in the Toolachee and Patchawarra formations. Some have excellent flow rates up to 11.35 MMsfcd from an unfracced vertical well.  Santos has recently made 3 gas discoveries in the adjoining blocks.
 
Seismic has identified that the Toolachee and Patchawarra formations are significant in part of our acreage.  The independent geologist  has assessed that Real Energy’s areas has 10.2 Tcf of gas in place in the Toolachee and Patchawarra formations. Real energy is planning 3 vertical wells later this year as proof concept. 
 

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