Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/gas/new_projects/octanex-makes-declaration-of-location-over-ascalon.shtmlOctanex makes declaration of location over Ascalon gas discovery
Octanex N.L. advises that a location has been declared over the Ascalon gas discovery in the Southern Bonaparte Basin, offshore from Western Australia. The declaration
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Octanex N.L. advises that a location has been declared over the Ascalon gas discovery in the Southern Bonaparte Basin, offshore from Western Australia. The declaration is an initial step in obtaining a retention lease over the discovery.
The Ascalon gas accumulation is located approximately 465km west of Darwin in water depths of less than 100m and in proximity (~60km) to the Ichthys to Darwin pipeline. The location covers 11 graticular blocks within the WA-407-P petroleum exploration permit, in which Octanex holds a 100% interest.
Drilled by Mobil in 1995, the Ascalon-1A discovery well recovered gas to surface; proving the presence of a large dry gas accumulation within sandstones of the Late Permian, Cape Hay Formation of the Hyland Bay Subgroup.
