Senex Energy (ASX: SXY) has enjoyed a good start to its 2013 financial year Queensland coal seam gas drilling program with the first well intersecting good coal and carbonaceous shale thickness with good permeability.
Almost 275 metres of core were collected from the Indy-1 CSG exploration well in ATP 771P with 10 coal and carbonaceous shale core samples currently being analysed for gas content, composition, saturation and other attributes.
It was drilled to investigate the CSG potential of the Walloon Coal Measures in the north western region of the Queensland Surat Basin about 36.5 kilometres south of Injune.
During the coring of the Walloon Coal Measures, the well intersected 7.3 metres of net coal in the Juandah and Taroom Coal Measures as well as 5.3 metres of net gas bearing carbonaceous shale.
In addition, four successful drill stem tests were conducted over intervals in both the Juandah and Taroom Coal Measures to evaluate the potential for gas deliverability, with good permeability recorded.
Indy-1 is the first of 16 wells Senex is drilling in ATP 771P and ATP 593P, where it is the operator, and participating in at ATP 574P and PL 171.
The rig has now moved to the Indy-2 location and spudded on 6 August 2012.
Senex holds a 45% interest in ATP 771P and the neighbouring ATP 593P.
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