AWE Limited, Titan Energy will not proceed with Phase 2 of the Drover-1 exploration program

Source:AWE Limited

AWE Limited and Titan Energy Limited announced that they will not proceed with Phase 2 of the Drover-1 exploration program and will not hydraulically fracture stimulate the well.

AWE Limited and Titan Energy Limited announced that they will not proceed with Phase 2 of the Drover-1 exploration program and will not hydraulically fracture stimulate the well.

Results from the Diagnostic Fracture Injection Test (DFIT), completed in April 2015, and analysis of the core samples and wireline data taken in 2014 have provided sufficient information for AWE’s assessment of the shale gas potential in the southern extent of its Perth Basin acreage and no further work is required at this location.

The Drover-1 exploration well will now be decommissioned and rehabilitated back to its pre-existing state. Drover-1 is located on pastoral land in the Shire of Coorow, approximately 18 kilometres southeast of Green Head and 220 kilometres north of Perth, and was designed to test the unconventional gas potential in the far southern extent of AWE’s Perth Basin acreage.

The Joint Venture has applied to renew Exploration Permit 455 and is awaiting regulatory approval. 

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