Thee well had drilled ahead to the planned total depth. The Flag Sandstone reservoir has been intersected, and is interpreted to contain an oil column of less than 2 meters.
While the South Gibson-1 well has been drilled very efficiently, the volume of oil associated with a 2 meter column is too small to warrant commercial development.
The rig is now scheduled to leave the Harriet Joint Venture to drill Bricklanding-1 in TP/7, where Tap is also a participant.
Harriet Joint Venture participants are Apache Northwest Pty Ltd as operator with 68.5%; Tap with 12.2229% and Kufpec with the remaining 19.2771%.
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