The fracture stimulation of the Yarrow 1 well in the Innamincka Dome project in South Australia is due to start in the next few days.
Red Sky Energy has announced that Santos, the project operator, is currently mobilising the necessary equipment for the procedure, aimed at increasing gas flow and well productivity.
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The anticipated post-stimulation production rates for the Yarrow 1 well are estimated to be between 1.6 and 3.6 million standard cubic feet per day (mscf/d).
The well is projected to reach full operational status in the second quarter of 2025 (Q2 2025), complementing the existing production from Yarrow 3.
The Innamincka Dome project encompasses six petroleum tenements (PRLs 14, 17, 18, 180, 181 and 182).
Red Sky holds a 20% working interest in six petroleum retention licences (PRLs) within the Innamincka Dome, located near the township of Innamincka in north-east South Australia, and Santos holds the remaining 80% stake.
Red Sky managing director Andrew Knox said: “We are pleased to confirm that fracture stimulation at Yarrow 1 is scheduled to proceed shortly, with all required equipment being mobilised to site. This marks a significant milestone in unlocking the well’s full production potential and delivering further value to our shareholders.”
The Yarrow field is estimated to have a 2C contingent resource of up to 18 billion cubic feet (bcf). A potential 20bcf of 2C of associated gas is estimated at the Flax oilfield 8km to the south east of Yarrow.
In January this year, Red Sky secured a contract for exploration in Angola’s offshore block 6/24.
Situated 12km off the Angolan coast in the Kwanza Basin, the block encompasses 1,531km² of 2D seismic data and 1,465km² of 3D seismic data.
