Denison Gas Limited has announced the commencement of a five-well drilling program to facilitate the expansion of production and reserves throughout its Denison North and South Project regions.
Targeted plays for the wells include tight gas, conventional gas, and coal seam gas in established gas fields as well as new formations in promising regions.
Denison Gas CEO Benson Wong said: “This campaign will both ensure ongoing strong production and build our 2P reserves, providing options for future growth and cementing our place as an alternative supplier into the Australian domestic gas market.”
The initial well of the program will be the horizontally drilled Punchbowl Gully-14 in the Denison South Project area.
The well is located adjacent to the highly successful Punchbowl Gully-13 well drilled and completed in 2023, which achieved a stabilised flow rate of ~9.5 TJ/d on test.
Following the completion of Punchbowl Gully-14, Ventia Rig #101 will then move to execute the following wells:
- A step-out appraisal well in the Punchbowl Gully field;
- Two appraisal wells are to be drilled underbalanced in the Denison North Project area; and
- A dual lateral coal seam gas well in PL42 near Rolleston in Denison North.
Each of the successful wells drilled as part of the campaign will add to Denison’s supply of gas to the domestic east coast market.
The Rolleston well, once completed, will be placed on production providing a “proof of concept” pilot test to establish the potential of the coal seam gas in the field.
If successful it will enable Denison to convert a proportion of its material 2C resources (911 PJ) to 2P gas reserves and support planning to bring this gas to market.
The drilling program in Bowen Basin, Queensland, is expected to be completed by the end of May.
