The company said the well intersected the primary High Cliff Sandstone at about 1647m with no oil or gas shows.
The High Cliff Sandstone is oil productive in the offshore Cliff Head oil field, some 16km northwest of the Freshwater Point Prospect.
Origin said it is now conditioning the hole in preparation for wireline logging.
Freshwater Point-1 is 34.5km south-southeast of the township of Dongara, 25km south of the Jingemia oil plant and 17.5km southwest of the Beharra Springs gas plant.
The well is testing a seismically defined prospect with the potential to contain a mean
recoverable resource of 9 billion cubic feet of gas or 6.1 million barrels of oil, up to a P10 of 19 billion cubic feet of gas or 13 million barrels of oil in the High Cliff Sandstone.
Participants in EP 413 are operator Origin Energy Developments (49.189%), Arc Energy (44.14%), Victoria Petroleum NL (5%), Norwest Energy NL (1.78%), Roc Oil (0.25%), and J.K Geary (0.142%).
