The Muggles Prospect is an M Australis stratigraphic pinchout trap within a Cretaceous channel on the Enderby Terrace. Prospect potential is estimated at 33.5 (mean) million barrels of oil recoverable. Muggles-1 is designed as a throw away well with planned total depth of 1,454 meters in water depth of 68 meters and a drill duration of approximately 6 days. If drilling is successful the discovery could be tied back to the Woodside operated Legendre Oil Field, lying 10 kilometers northwest.
Participants in the well are apache as operator with 69.7305%; Sun Resources with 10.2895%; First Australian Resources with 10.743%; Victoria Petroleum with 6.1743% and Pan Pacific with the remaining 2,9914%.
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