Central, NZOG and Cue have revised their Palm Valley and Dingo Joint Venture drilling program to defer the Dingo well and evaluate the lower P2/P3 unit of the Pacoota Sandstone formation at Palm Valley to prioritise near term production into a strong East Coast gas market.
The revised drilling program aims to maximise natural vertical fractures in the P2/P3 unit for a potential production well, with the deferral of Dingo Deep allowing capital to be re-allocated to production-enhancement activities at Mereenie or Palm Valley.
The collaboration between the three companies has enabled the reassessment of the strategy and the continuing safe drilling of the well.
See more
