Armour Energy's Cow Lagoon-1 well has proved the presence of a valid hydrocarbon trap, increasing the prospectivity of the McArthur Basin, Northern Territory.

The well was drilled to a total depth of 1804 metres and discovered gas in the Lynott and Reward Formations.

Gas shows were also seen in the Barney Creek shale oil and gas target, where a prospective 65 metre section was intersected, as well as in deeper formations on the Cow Lagoon West Anticline during underbalanced, air-mist drilling operations.

Tags: Armour Energy Ltd