The Lakes Oil-operated Wombat-1 well will keep drilling deeper after drill stem tests returned results indicating gas saturated sands, but of poor quality.
Chairman Robert Annells said this first discovery of gas in the Golden Beach Formation, which flowed 25,000 cubic feet per day, would indicate a better reservoir would be found at depth, correlating with the nearby Merriman-1 well, which was drilled by Arco in the 1960s.
The well was at 1449 metres and reaming to the bottom to recommence drilling.
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