The Vesta Prospect is a shallow buttress-stratigraphic trap lying west southwest of the Stag Oilfield. The C halosa sand of the Athol Formation is targeted in the trap. Prospect potential ranges in size from 11.5 (mean) to 23.2 (P1o) million barrels of oil recoverable. If drilling is successful the nearby Chamois oil accumulation 2.4 (mean) to 3.9 (P1O) million barrels of oil recoverable could also be included in a development to tie back to the Stag Oil Field. The well is located in permit WA-261-P in the Caranarvon Basin offshore Australia.
Participants in Vesta 1 are Apache as operator with 57.07%; Sun Resources NL 7.78%; Tap Oil Limited 12.65%; Victoria Petroleum NL 12.50%; Arrow Energy 10%.
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