South Simpson-1 intersected an 8m gross, 6m net (vertical thickness) oil column in the Flag Sandstone. The oil water contact is similar to that seen in Simpson-1 which has led operator Apache Energy to believe the find is an extension of the original discovery.
The wellbore is currently being opened up to a diameter of 311mm (12 (1/4)") in preparation for completion and will be brought into production later this week. The rig will then return to drilling the Tanami-6 well.
The South Simpson-1 well is being drilled out of the Simpson Bravo monopod. Tap Oil said in an announcement to the stock exchange the partners planned an immediate hook up of the new discovery to production. Incremental reserves addition resulting from the new discovery will be calculated and reported in due course, it said.
Participants are Tap Oil (12.2229%), Apache Energy Limited (operator - 68.5%) and Kufpec Australia Pty Ltd (19.2771%).
