In a statement, junior partner Great Artesian Oil and Gas said the Cooper Basin joint venture had decided to abandon the well, located in PEL 107, following the collection of side wall cores and the analysis of other wireline log information.
Talia-1
Once operations at Keeley-1 are completed, the rig will move 20km west-southwest to start drilling the Talia-1 well, planned for either late this week or early next.
Mapped using 3D seismic data, Talia-1 is an anticlinal feature located on a regional high and flanked by producing oil fields: Sturt oil field is 3km north, Sturt East is 3km northeast and Tantanna is 4km southeast.
Great Artesian said the wildcat would test whether oil has migrated westward of the Sturt oil field onto this regional high.
Based on the nearby oil production, primary reservoir targets have been identified as the McKinlay/Namur, Birkhead and Hutton Sandston formations, with secondary potential in the Poolowanna Formation.
With a planned total depth of 1840m, the Talia-1 well is targeting a pre-drill estimate of 320,000-800,000 barrels of recoverable oil reserves if the prospect is filled to the maximum extent of the structural closure.
This well is the third in a five-well, back-to-back program planned for PEL 107, where interests are Beach, as operator with 40%, Great Artesian (40%) and Magellan Petroleum (20%).
