Innamincka, JV Clap for First Oil Flowing at Flax

PEL 103
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Innamincka Petroleum, on behalf of the PEL 103 Joint Venture, has announced that oil production commenced from the Flax field on Friday, August 1.

The first well, Flax 1, flowed oil at the forecast initial rate of approximately 350 barrels of oil per day. Additional Flax wells, drilled by the Ensign 5 rig, will be brought online over the next few weeks as the surface construction and well development activities proceed.

The first load out of crude oil from the Flax field is scheduled for mid week.

Participants in the Flax Project are Innamincka (Operator) 75% and SCGAU 25%.

Both companies would like to thank all involved contractors and PIRSA for their support and assistance in the achievement of this milestone.



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