Senex Scores A Double Oil Strike In Australia's Cooper Basin

Australia's Senex Energy said Wednesday that it has scored a double oil strike in the onshore Cooper Basin, South Australia.?

The company's first score was with an intersected 13 feet (4 meter) gross oil column in the Snatcher-5 appraisal well on PEL 111.?

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Net oil pay of 7 feet (2.4 meters) was interpreted from wire line logs, with the well recovering 2.6 barrels of oil and minor oil-mud emulsion on testing. The well has been cased and suspended to allow for further evaluation of its use.?

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The drilling rig, Ensign Rig 48, is now being moved to the Mustang-1 site in PEL 111, around (2 miles) 3 kilometers southwest of the Snatcher field.?

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Senex holds a 60-percent stake in PEL 111, while Australia's Beach Energy holds the remaining 40-percent stake.

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Senex's second score came with an intersected 20 feet (6 meter) gross oil column in the Cuisinier-6 appraisal well on the Barta Block of ATP 725P. Wire line logs confirmed the presence of an 18 feet (5.6 meter) gross oil column in the oil-bearing sands of the Murta formation with an interpreted net oil pay of 12 feet (3.8 meters).?

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The drilling rig, Saxon Rig 184, is now being moved to the Cuisinier North-1 appraisal well, around (2 miles) 3 kilometers northeast of the Cuisinier-1 discovery well.?

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"The well is to be cased as a future oil producer," Canada's Bengal Energy, one of the partners of ATP 752P, said in a statement.?

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Australia's Santos is the operator of ATP 752P and the company holds a 45-percent interest. The remaining stake is held by Bengal (25-percent), Senex (15-percent) and Arrow Energy (15-percent).?

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Quintella has reported on the upstream and downstream oil and petrochemicals markets from 2004. Email Quintella at quintella.koh@rigzone.com.

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