Senex to Bring Spitfire-7 Well in SA's Cooper Basin Online in November

Senex Energy Ltd., a Brisbane-based oil and gas exploration company, provided Wednesday its monthly drilling report on its upstream assets in Australia.

Spitfire-7 oil appraisal well (PPL 258: Senex 60 percent and operator, Beach Energy 40 percent)

Spitfire-7 is an appraisal well evaluating the extent of the Birkhead reservoir at the Spitfire oil field in South Australia's Cooper Basin. The well reached a total depth of 5,994 feet (1,827 meters) Sept. 3 and the result was on prognosis, confirming the western extension of the field with 21.6 feet (6.6 meters) of net pay in the mid-Birkhead. The joint venture has cased and suspended Spitfire-7 and expects to bring the well online in November.

Senex is continuing to evaluate new leads and prospects located in the western flank region, with the results of the wells drilled to date in FY16, Spitfire-7 and Fulcrum-1, assisting with the ongoing regional model analysis. Further drilling will be undertaken in line with Senex’s continued disciplined approach to capital allocation.

New Well Completions

The Martlet North-1 oil exploration well (ex-PEL 111: Senex 60 percent and operator, Beach Energy 40 percent) in PRL 148 -- a retention license from PEL 111 -- has been connected and tied into the Martlet facilities, and commenced production at the end of September.

Unconventional Gas Eploration Update

In mid-October, Senex will spud the first well within its Cooper Basin unconventional gas exploration program with Origin Energy. The Efficient-1 well (PEL 637: Senex 60 percent and operator, Origin Energy 40 percent) is designed to evaluate stratigraphic traps in the Patchawarra Formation (primary target), within the Allunga Trough in the southern Cooper Basin. Easternwell Rig 106 has been contracted and is mobilizing to site.

The joint venture has planned four gas exploration wells in the FY16 work program, for which Senex is free carried for its share of expenditure.

Drilling for the Month Ended Sept. 30, 2015

  • Spitfire-7 Well
    • South Australian Cooper Basin
    • Oil appraisal
    • PPL 258
  • Participation
    • Senex - 60 percent, operator
    • Beach Energy - 40 percent
  • Status of Operations
    • Report time: 0600 (CST) Oct. 1
    • Total depth: 5,994 feet (1,827 meters)
    • Operation: Cased and suspended
    • Progress: 5,994 feet (1,827 meters)
  • Horizon Targets
    • Birkhead Formation


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