Real Energy Corp. Ltd. recorded strong gas readings at its maiden exploration well Tamarama-1 in the Queensland, Australia, Cooper Basin ATP 927P. Electric logs have been recorded and preliminary wireline log interpretation in integration with mudlog gas readings and drill cuttings have indicated the presence of gas-saturated Permian Toolachee and Patchawarra formations section at the Tamarama-1 location.

The petrophysical evaluation, using conservative 8% porosity cutoff for pay calculation, indicated the well has encountered 21 m (69 ft) of net sandstone gas pay in the Toolachee Formation and 66 m (217 ft) of net sandstone gas pay in the Patchawarra Formation.

Tamarama-1 is located about 51 m (167 ft) downdip from the Cocos-1 Permian gas well and outside any seismically mapped structural closure. Tamarama-1 will be cased and suspended for future flow testing.