Australia's Armour Energy said Wednesday that it has struck gas in the Cow Lagoon 1 well on EP 176 on the McArthur basin, onshore Australia's Northern Territory.
The well was drilled to 5,919 feet (1,804 meters) and gas was discovered in the Lynott and Reward formations with further gas shows in the Barney Creek formation and the deeper formations at the Cow Lagoon West Anticline.
The Barney Creek formation, an unconventional shale gas and shale oil target, was encountered at Cow Lagoon 1 at 4,085 feet (1,245 meters). A prospective 213 feet (65 meters) shale section in the formation was penetrated.
Armour said gas influxes and flares were observed and continued from the formations up to 15 days after they were drilled.
The company is considering appraising the Lynott, Reward and Barney Creek formations at down-dip locations in synclinal areas of the Batten Trough, where it said the formations could thicken and display further increases in gas charge and pressure.
Armour added that it had also identified additional targets around six-to-nine miles (10-15 kilometers) southwest of Cow Lagoon.
Cow Lagoon 1 has been cased and cemented and will now be suspended for possible future cased hole testing, lateral drilling and stimulation.
Armour is at present drilling the Holdgate-1 well on PEP166, located onshore in the Gippsland Basin, Victoria. The well was drilled to 7,041 feet (2,146 meters) on June 19, 2012. The company plans to drill to 8,202 feet (2,500 meters) unless it hits base at a shallower depth.
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