Australian-Canadian Oil Royalties Ltd. and joint venture partner states that the Cleansweep 1 exploration well has drilled into the basal Birkhead Formation where oil shows were observed over the interval 6,981 feet-6,998 feet.
The oil shows were accompanied by oil in the drilling mud and elevated gas readings of 300 units on a background of 10 units.
Current operations are preparing to run Drill Stem Test 1 over the interval.
Cleansweep 1 is targeting un-risked mean oil in place potential of 4.8 million barrels in the Birkhead/Hutton, Poolowanna and Paning formations.
The structure is a relatively simple four way dip closure at the southern end of a structural ridge. The basement is faulted down to the Patchawarra Trough on the southeast flank of the structure, providing a conduit for migrating hydrocarbons from the Permian. Closure is mapped at the top of the Birkhead Formation and at the Top Basement horizons.
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Australian-Canadian Oil Royalties Ltd.
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