Senex Energy: Namur oil discovery at Martlet-1

Senex Energy Limited is pleased to announce that the Martlet-1 exploration well on the western flank of the South Australian Cooper-Eromanga Basin has encountered a Namur oil accumulation.

The Martlet-1 exploration well is located in PEL 104 (Senex 60% and operator, Beach Energy Limited 40%), approximately 1.8 km south east of the Warhawk-1 exploration well. The well was designed to evaluate the oil potential of the Namur sandstone within an interpreted four-way dip-closed structure. EDA Rig 3 commenced drilling the well on 24 August 2014 and reached total depth of 2096 m on 9 September 2014.

Martlet-1 encountered good oil shows in the target reservoir and subsequent evaluation of logs indicate net pay of up to 6 m. The well is currently being cased and suspended and is expected to be placed on production in the next quarter.

Squire-1 exploration well – update (PRL 59: Senex 100%)

Squire-1 was drilled to evaluate the oil potential of the Tinchoo Formation, with secondary targets in the Birkhead Formation and Wimma Sandstone. The well encountered oil shows within a poorly developed reservoir and was subsequently plugged and abandoned.

EDA Rig 4 is now moving to Hathi-1, an exploration target in PEL 514 (Senex 80% and operator, Planet Gas Limited 20%). Hathi-1 is located approximately 8 km north west of the Cleansweep oil discovery in PEL 100.

Further detail on the Senex drilling programme will be provided in the September drilling report.

Adapted from a press release by David Bizley

Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/12092014/senex-energy-namur-oil-discovery-at-martlet-1/