Stuart Petroleum Makes Discovery with Revenue #1

Revenue #1 Field
(Click to Enlarge)
Stuart Petroleum has discovered a new oil pool in the McKinlay Formation with its Revenue #1 well located in PEL 113 in the Cooper/Eromanga Basin in South Australia. Wireline logs have been run and indicate approximately two meters of oil pay in the McKinlay. Hole conditions will prevent any Drill Stem Tests from being run and the well will be cased pending completion as an oil well.

Testing and further evaluation of oil shows in the Murta and Birkhead formations will be conducted after completion of the well.

Participants in the Revenue #1 well are Stuart Petroleum as operator with 66.7% and Beach Petroleum with 33.3%.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
United States Broussard: AFO Monitoring Specialist, Sr
Expertise: Geoscientist
Location: Broussard, ME
Mid to Senior-Level Environmental Geologist
Expertise: Environmental Engineer|Geologist
Location: Wichita, KS
Senior GIS Analyst- Spatial Data Management
Expertise: Geoscience Technician
Location: Houston, TX
search for more jobs

Brent Crude Oil : $51.78/BBL 0.77%
Light Crude Oil : $50.85/BBL 0.83%
Natural Gas : $2.99/MMBtu 4.77%
Updated in last 24 hours