The Peterborough-1, a gas exploration well in the Otway
Basin, onshore Victoria, spudded this week. Peterborough-1 is located approximately 8km to the southeast of the Naylor Gas
Field and 40 km southeast of the city of Warnambool. The well will test the gas
potential of an interpreted fault bounded closure at the Waarre Formation level. Its
planned total depth is 2074 meters and the well is expected to take about 13 days to
drill and evaluate.
Participants in the PEP 154 Joint Venture are Beach Petroleum Ltd with 10.00% and Origin Energy Resources Ltd as Operator with 90.00%.