LNG

March 14 (LNGJ) - Planet Gas Ltd, the Australian exploration and production company, said it had started drilling of the Silver Star-1 gas well in the Cooper Basin of South Australia. “Silver Star-1 is a high impact exploration well and will target basin-centred gas and stratigraphic gas in the Permian sandstones,” said Planet Gas. The company’s partners in the licence are LNG stakeholder Origin Energy and Senex Energy The Cooper Basin is Australia’s most mature conventional onshore gas and oil production region, though also has significant unconventional potential with an estimated 325 trillion cubic feet of shale gas in-place. “Depending on the properties of the reservoir successfully meeting certain criteria, a lateral section of up to 1,500 metres will then be drilled. Multi-stage fracture stimulation and testing of the well is expected to follow,” added Planet Gas.