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Cottee declares gas discovery is 'like QGC'

Business

Richard Cottee, the man who helped kick off the coal seam gas sector in Queensland when he led QGC, has got a good feeling about a new gas discovery.

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Cottee, who is now chairman of State Gas, said the company’s latest discovery at its Rolleston West has project was reminiscent of QGC and the company said its Rougemont-2 well was a likely to be a “viable gas play”.

Cottee said the results of analysis indicated the strength of the project.

“In fact, the results of permeability testing in the well remind me of my early days at QGC,” Cottee said.

“The permeability of the coal in ‘nose structure’ at our Rougemont-2 area rivals that of QGC’s legenday Undulla Nose in the Surat Basin, to the south, which was first drilled in 2000.

“This comparison, together with the correlations with other well and coal exploration data across the area gives me great confidence of an exciting new era for the company.”

The latest tests from Rougemont-2 indicate that it contains near-pipeline quality gas and field values of the gas content of the coals indicated the laboratory-determined numbers should exceed the threshold for commercial volumes.

The Rolleston project sits near the company’s other gas project, Reid’s Dome, which means it have a unified development.

 

 

 

 

 

 

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