Cyrano 2 will be drilled as a follow up to the Cyrano 1 discovery. The Cyrano 1 well intersected a 10 meter oil column underlying a 19 meter gas cap within lower Cretaceous sandstones.
Primary objectives in the well are the Mardie Greensand and Airlie Sandstone which are hydrocarbon bearing in Cyrano 1. The Cyrano 2 well will also intersect a large prospect at Lower Jurassic and Upper Triassic levels.
Cyrano 2 is situated in the productive Carnarvon Basin of Western Australia. This Basin is presently Australia's largest hydrocarbon producing area.
The Cyrano 1 discovery confirmed the viability of a trap and seal. The Cyrano 2 location will test a separate structural bump from the seismic mapping and is positioned in a down-dip position to test for the presence of a base seal and oil reservoir in the Mardie Greensand.
Cyrano 2 is expected to take 10 days to drill to a predicted total depth of about 1,590m in 13 meters water depth.
Tap Oil is the operator with an 85% stake and Black Rock holds the remaining15% in this project.
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