Great news for AQO.MOONTA-1 DELIVERS HIGHEST GAS FLOW RATE TO...

Great news for AQO.

MOONTA-1 DELIVERS HIGHEST GAS FLOW RATE TO DATE FROM BEACH’S UNCONVENTIONAL PROGRAM

Beach's (BPT) Moonta-1 exploration well was designed to prove up the basin centred gas (BCG) play and was stimulated in nine stages through the Patchawarra Formation, and a single stage in the Murteree Shale. With gas now flowing from Moonta-1, it is clear that the BCG play does exist and Beach will continue to refine its understanding of the play with the upcoming program.
Moonta-1 reached a maximum controlled flow rate of 2.6 MMscfd, and is currently flowing at 1.6 MMscfd through a 1.5” choke. Production logging of the well was carried out with initial indications being that the rate reported for Moonta-1 is from a sub-set of stimulated intervals. Moonta-1 was the first well to stimulate the full Patchawarra section, and it is anticipated that as techniques are refined in successsive wells of the program, improvements over the rates achieved to date will be realised