Cooper Energy (ASX: COE) and Senex Energy (ASX: SXY) have spudded the Worrior-10 well in the Cooper Basin, South Australia, to appraise the areal extent of the Patchawarra Formation oil pool.
Worrior-10 follows on the Worrior-8 well that flowed oil at a stabilised rate of 670 barrels per day along with 0.7 million standard cubic feet of gas from the Patchawarra during production testing.
This was the first Patchawarra Formation oil production at the Worrior field.
Worrior-10 is located 700 metres northwest of Worrior-8 and adjacent to Pando-1 drilled in 1966 that recovered 152 metres of gas and oil cut muddy water in the drill pipe.
It has a prognosed total depth of 1,790 metres and is expected to take 14 days to drill, evaluate and complete.
The coal and carbonaceous shale of the Patchawarra represent the principal source rocks of the Cooper Basin.
Cooper has a 30% stake in PPL207 while operator Senex holds the remaining 70%.
Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.