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Senex Energy announce oil discovery at Martlet North-1


Published Feb 25, 2015
Senex Energy in Cooper Basin

Senex Energy Limited has made a Namur oil discovery at Martlet North-1 on the western flank of the South Australian Cooper Basin.

The Martlet North-1 exploration well (PRL 148: Senex 60% and operator, Beach Energy 40%) spudded on 29 January 2015 and was designed to evaluate the oil potential of the Namur Sandstone, with a secondary target in the Birkhead Formation.

The well encountered oil shows in the target reservoir and subsequent evaluation of logs indicate vertical net pay of 3.2 metres. In addition, the well encountered oil shows in the Birkhead Formation. The well is located approximately 1.1 kilometres north-west of Martlet-1 which is producing from the Namur horizon.

The well has been cased and suspended as a future Namur oil producer. The timing of a tie-in to the Martlet-1 infrastructure will be subject to field development planning over both fields to achieve the most economical development scenario.

Tags: Senex Energy Limited




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