Senex Scores A Double Oil Strike In Australia's Cooper Basin
by Quintella Koh
Wednesday, July 04, 2012
Australia's Senex Energy said Wednesday that it has scored a double oil strike in the onshore Cooper Basin, South Australia.
The company's first score was with an intersected 13 feet (4 meter) gross oil column in the Snatcher-5 appraisal well on PEL 111.
Net oil pay of 7 feet (2.4 meters) was interpreted from wire line logs, with the well recovering 2.6 barrels of oil and minor oil-mud emulsion on testing. The well has been cased and suspended to allow for further evaluation of its use.
The drilling rig, Ensign Rig 48, is now being moved to the Mustang-1 site in PEL 111, around (2 miles) 3 kilometers southwest of the Snatcher field.
Senex holds a 60-percent stake in PEL 111, while Australia's Beach Energy holds the remaining 40-percent stake.
Senex's second score came with an intersected 20 feet (6 meter) gross oil column in the Cuisinier-6 appraisal well on the Barta Block of ATP 725P. Wire line logs confirmed the presence of an 18 feet (5.6 meter) gross oil column in the oil-bearing sands of the Murta formation with an interpreted net oil pay of 12 feet (3.8 meters).
The drilling rig, Saxon Rig 184, is now being moved to the Cuisinier North-1 appraisal well, around (2 miles) 3 kilometers northeast of the Cuisinier-1 discovery well.
"The well is to be cased as a future oil producer," Canada's Bengal Energy, one of the partners of ATP 752P, said in a statement.
Australia's Santos is the operator of ATP 752P and the company holds a 45-percent interest. The remaining stake is held by Bengal (25-percent), Senex (15-percent) and Arrow Energy (15-percent).
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