Metgasco on target at New South Wales coal seam gas well| MENAFN.COM

Friday, 21 January 2022 08:36 GMT

Metgasco on target at New South Wales coal seam gas well

(MENAFN- ProactiveInvestors - Australia) Metgasco's (ASX: MEL) Thornbill E04 coal seam gas exploration well has intersected the targeted Walloon Coal Measures at the predicted depth and analysis is now underway to determine its commercial significance. Thornbill E04 was designed to investigate the thickness and reservoir characteristics of coal seams within the Walloon Coal Measures in PEL 426, New South Wales. The Walloon Coal Measures were intersected over the interval 495 to 700 metres with the top of the coal found to be at the predicted depth. This section was controlled drilled and chip samples recovered for lithological description and analysis. Wireline logging was conducted following drilling to further examine the lithological characteristics of the prospective section and to determine the total thickness of coal and carbonaceous shale identified over this interval. Thornbill E04 has been filled with cement to surface and abandoned as per Metgasco's well program. The AJ Lucas Rig 103 will now move to its next drilling location as soon as weather conditions in the Northern Rivers region allow. Metgasco has a 100% interest in PEL 426.

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