Planet Gas Ltd, an energy explorer with interests in conventional and unconventional oil and gas in Australia, gave an update Tuesday on the Sprigg-1 exploration well in South Australia's Cooper Basin as reported today by the operator Senex Energy Limited (Senex).
Senex are quoted: “No net pay calculated with a gas show in the Paning Member. Well suspended pending evaluation of test results”.
The Sprigg-1 prospect is located in the central eastern sector of PEL 514 in the South Australian Cooper Basin.
Planet Gas holds a 20 percent project interest in PEL 514 while Senex Energy Limited (Senex), holds an 80 percent interest and is the operator. The Sprigg-1 well forms part of the initial farm-in agreement and second agreement with Senex. Planet Gas is free carried for the program.
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