Australia's Planet Gas Limited provided Monday an update on drilling at Bagheera East-1 exploration well in PEL 514 in the South Australian Cooper Basin.
Bagheera East-1 Exploration Well
About Bagheera East-1 Exploration Well
The Bagheera East-1 vertical exploration well is located in the northwest of PEL 514. The Telopea Field and the Keleary Field are located 8 miles (13 kilometers) and 6.2 miles (10 kilometers) respectively southeast of Bagheera East.
From the Dundinna 3D seismic survey analysis, the Bagheera East prospect is a structural trap mapped as a four-way dip closure.
The exploration well was planned to a total depth of approximately 8,300 feet or 2,530 meters (subsea) to test the oil potential of the Tinchoo Formation with the Poolowanna and Birkhead Formations and the Hutton Sandstone as secondary targets.
The drilling program forms part of a second farm-in agreement with Senex Energy Limited (Senex) of May 2013. Planet Gas holds a 20 percent project interest in PEL 514 while Senex holds an 80 percent interest and is the operator. The Planet Gas project interest, including the drilling and completion of Bagheera East-1, is free carried by Senex.
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