Lockyer Deep-1 flows at 117 MMscfd with condensate - highest ever test rate in the Perth Basin

EP-368 permit: “Operator Energy Resources Limited (ERL) commenced production testing operations on 25 March 2022, with a six day test program designed to determine well deliverability, reservoir quality and gas composition across a 25 metre interval of the Kingia Sandstone. ……. A maximum sustained flow rate of 102 mmscfd was achieved through a 76/64" choke, with a maximum instantaneous gas flow rate of 117 mmscfd; one of the highest rates recorded onshore Australia”. (Norwest Energy ASX announcement 28-March-2022: LOCKYER DEEP-1 FLOWS AT 117 MMSCFD WITH CONDENSATE).

In Oct 2021, the JV released to the ASX the following petrophysical assessment: “Wireline log analysis confirms a 34 metre (TVD) gross pay interval at the top of the Kingia Sandstone, ………with gas interpreted down to low permeability or tight rock. ……. net gas pay within this interval is 20.2 metres (TVD), predominantly within the upper section. This net pay zone is of exceptional quality, with average porosity of 16% and average permeability estimated at 500 Millidarcies.”

NS Energy, 21-June-2022: MinRes and Norwest Energy plan to take up additional appraisal drilling and 3D seismic, which will commence towards the end of 2022. The appraisal programme will include drilling of two wells that will target the Lockyer Deep and North Erregulla Deep structures. The first of the wells, North Erregulla Deep-1 will evaluate the structural high, nearly 8.5km southeast of the Lockyer Deep-1 discovery well. A second well, Lockyer Deep-2, will be drilled northeast and downdip from the gas discovery well. In parallel with the drilling programme, MinRes intends to acquire 3D seismic across the permits, which will cover Lockyer Deep and five other leads. MinRes is expected to use the gas produced from the Lockyer Deep gas field for powering its mine sites instead of using diesel generators.

Modelled Lockyer Deep-1 Permian section