Empyrean Energy commences drilling of Wilson River-1 well in Australia
Why we think this is good
The RNS provides a positive update on Empyrean Energy's exploration activities, with the commencement of drilling for the Wilson River-1 well in Australia. The well is targeting known hydrocarbon-bearing formations, and the company is confident in the opportunity and the potential for rapid commercialization of any successful discovery. The information provided does not raise any significant concerns or red flags.
Key Points
- Empyrean Energy has commenced drilling operations for the Wilson River-1 well in Southwest Queensland, Australia
- The well is targeting known hydrocarbon-bearing formations, including the Murta, Birkhead and Hutton formations
- The company expects the well to reach the target depth of approximately 1450m within 5-6 days from spudding
- After drilling, the well will be cased and suspended, and log analysis and petrophysical analysis will be conducted, potentially leading to a cased-hole drill stem test
- Empyrean is confident in the opportunity and the potential for rapid commercialization of any successful discovery, given the existing infrastructure in the basin
Summary
Empyrean Energy has commenced drilling operations for the Wilson River-1 well in the ATP 1173 permit in Southwest Queensland, Australia. The well is designed to evaluate and test the hydrocarbon potential of a seismically identified structural high, with the Murta, Birkhead and Hutton formations as the primary targets. The company is confident in the opportunity and the potential for rapid commercialization of any successful discovery, given the existing infrastructure in the basin.