Planet Gas (ASX: PGS) and Senex Energy (ASX: SXY) have intersected 6.3 metres of net hydrocarbon pay at their Sprigg-1 exploration well in the Cooper Basin, South Australia.
Operator Senex is now running casing and will install the wellhead.
Further cased hole tests of the pay in the Murta Formation will be undertaken subject to rig availability.
Sprigg-1 is located in the central eastern sector of PEL 514 and just 4.5 kilometres from the Acrasia oil field.
Planet Gas has a 20% interest in PEL 514 while Senex has a 80% stake.
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