ACOR Reports Cleansweep-1 Strikes Oil


PEL 100
(Click to Enlarge)
Australian-Canadian Oil Royalties says that the joint venture partner states that the Cleansweep 1 well has struck oil in the first of three main target zones. The Drill stem test #1, which was run over the interval from 6,952 feet to 6,998 feet in the Birkhead Formation and recovered approximately 444 barrels of oil on a drill stem test.

The Cleansweep 1 well is targeting estimated possible oil in place potential of approximately 4.8 million barrels or approximately $451,000,000 at current crude oil prices under the structure. The Cleansweep well will be drilled to a total depth of 8,694 feet.

Cleansweep-1 Strikes Oil in Zone 2:

An oil show was also noted from the Poolowanna Formation and this will be further evaluated by wireline logs and drill stem test #2.

The structure is a relatively simple four-way dip closure at the southern end of a structural ridge. The basement is faulted down to the Patchawarra Trough on the southeast flank of the structure, providing a conduit for migrating hydrocarbons from the Permian. Closure is mapped at the top of the Birkhead Formation and at the Top Basement horizons.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Geologist / Environmental Engineer
Expertise: Environmental Engineer|Geologist
Location: Atlanta, GA
 
Sr. Geologist - Delaware Basin Subsurface Reservoir Characterization
Expertise: Geologist
Location: Midland, TX
 
Sr Accountant - Property
Expertise: Accounting|Asset Management|IT - Programming & Database
Location: Dallas, TX
 
search for more jobs

Brent Crude Oil : $50.56/BBL 0.15%
Light Crude Oil : $47.7/BBL 0.70%
Natural Gas : $3.05/MMBtu 1.32%
Updated in last 24 hours