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The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
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Oil & Gas

Senex Energy continues Cooper Basin oil drilling campaign

Senex Energy (ASX: SXY) has spudded the fourth of six oil exploration wells it is drilling with Beach Energy (ASX: BPT) that target the Birkhead channel play on the Cooper Basin western flank.

Tigercat-2 is located in PEL 104 about 6.5 kilometres east of the prolific Growler oil field in PRL 15.

It is also located just over 1 kilometre from the Tigercat-1 oil well that was cased and suspended as a future production well in 2008 after encountering 7 metres of net oil pay.

The well is being drilled by the Ensign Rig 48 to a total depth of 1850 metres following which the rig will move to the Snatcher oil field in the adjacent PEL 111 to drill the Snatcher-4 and Snatcher-6 appraisal wells as well as the Mustang-1 and Tomcat-1 oil exploration wells.

Senex holds a 60% operating interest in PEL 104 and PEL111 while Beach holds the remaining 40% stake.

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