"In the final two hours of the main flow period, the well produced at a stabilised rate of 2895 barrels of oil per day 49 API dry oil through a 3/4" choke with wellhead pressure of 570 psi," said PPP, which has a 10% stake in the well (Apache Oil Australia 90% - operator).

"The test results to date confirm expected well productivity. It is expected that sufficient information has now been gathered to allow planning for development of the Taunton oil field to proceed without further drilling."

Following completion of Taunton operations, the drilling rig will move to Montgomery-1 in WA-149P where Pan Pacific has 10% interest.