Senex Energy has made an oil discovery on the western flank of the South Australian Cooper Basin.
The Marauder-1 exploration well is located in ex PEL 104 (Senex 60 per cent and operator, Beach Energy 40 per cent), it encountered good oil shows within well developed Birkhead sands and evaluation of logs indicate net pay of up to 8.6 metres within a 17.5 metre gross oil column.
A drill stem test over the Birkhead Formation (1,744.2 metres to 1,764.6 metres) recovered 83.7 barrels of approximately 48 degree API oil.
Senex managing director and CEO Ian Davies said the result demonstrated the material untapped potential remaining on the prolific western flank. “We are delighted to commence the FY18 financial year with this discovery. We look forward to bringing Marauder-1 online at the earliest opportunity, while assessing further drilling prospects in this area.”
The well is expected to be placed on production in the coming months via a flowline to connect the well to existing infrastructure on producing western flank fields.