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Taroom Trough Project
This project encompasses the permits ATP 840 and 904 in southern Queensland.
It was decided to drill the first core hole in ATP 840, which was contractually required to be drilled prior to 31st March 2010. The well location was selected, landowner consents obtained and a suitable drilling contractor and rig were contracted in December 2009.
The well was drilled in ATP 840 in February 2010 which earned a 50% interest in ATP 840. Although the results from the well did not indicate CSG viability, there is considered to be tight gas potential in lower sequences and Red Sky has engaged a consultant to evaluate this.
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