Senex has intersected 384 feet (117 meters) of net gas pay following the completion of drilling and casing of the Paning-2 unconventional gas exploration well in the onshore permit PEL 90, in the northern Cooper Basin.
Paning-2 is the first unconventional gas well to be drilled in the region and has confirmed the potential of the tight sands and deep coals to host material gas volumes.
The well drilled into a 13-square mile (36-square kilometer) structure – which Senex estimates to contain 2.1 trillion cubic feet of potential gas in place – and intersected 154 feet (47 meters) of net gas pay in the Permian tight sands and 230 feet (70 meters) in the deep coals of the Patchawarra Trough.
Senex's Managing Director Ian Davies noted that the result highlighted the untapped potential of the company's interests in the northern Cooper Basin.
"Paning-2 confirms the potential of the Patchawarra Trough and the northern Cooper Basin as a new province for unconventional gas exploration. Following the success of the well, we will continue to test for similar targets across the region," Davies said in the company's disclosure.
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