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New gas discovery made in Otway Basin

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Oilfield Technology,

Cooper Energy, a 30% interest holder in PEL 494 (operated by Beach Energy 70% interest) in the Penola Trough, onshore Otway Basin, South Australia, has advised that the Dombey-1DW1 exploration well has encountered gas in the primary target Pretty Hill Formation.

A gross gas column of 44.5 m, with an estimated net pay thickness of 25 m, has been identified with an interpreted gas-water contact in the reservoir. Gas sample analysis indicates a low inert content.

Dombey-1DW1 has been drilled to 3384 m MDRT1 and formation evaluation is ongoing. Further testing and analysis are required to establish commerciality however this initial data is encouraging.

Dombey-1 is being drilled with the assistance of a AUS$6.9 million PACE grant from the South Australian government.

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