An announcement said gas shows were obtained from several sandstones in the target Kizeldere Formation, from a depth of 1,085 metres to 1,261m.
Amity said the well has a "most likely case" (P50) recoverable reserve potential of 270 billion cubic feet of gas, or 140 million barrels of oil, if hydrocarbons are present. The "maximum case" (P10 or 10% chance) is 1028 billion cubic feet of gas or 536 million barrels of oil, if hydrocarbons are present.
After a strong gas show at 1,159m, the well kicked and in the following well control operation, gas was flared off for an hour, burning with an orange coloured flame, two to four metres high.
Amity said although the gas shows obtained are exciting, the economic significance of the shows cannot be assessed with any certainty until at least wireline logs are run and evaluated.
The well was drilling ahead.
