Bow as operator said the Taringa South-1 was the first of three wells planned for the project, which combines its ATP 593P permit and an adjoining tenement, ATP 771P, belonging to VicPet.
The 1158-square kilometre JV area is adjacent to previously discovered CSM gas flows, about 25km west of Sunshine Gas' Lacerta project.
The Walloon Coal Measures are interpreted to be present and gassy over all of the JV area, with proposed well depths between 250-450m.
Bow managing director Ron Prefontaine said the planned timing for commercialising the Don Juan CSM project coincided with the projected increase in demand and subsequent upward pressure on prices for natural gas in the eastern states.
“I am personally very optimistic about the Don Juan CSG Project which has the potential to place the company on the fast track towards substantial CSG reserves as early as next year," he said.
The JV plans to case and suspend the wells as future pilot production holes in order to carry out flow and production testing.
Depending on results, a reserves certification process should begin early in 2008.
The nearest natural gas pipeline is 8km east of the permit.
Bow interprets the primary CSM fairway continues west from Lacerta, extending into the Don Juan project area.
