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Drill gas to a maximum of 23.7 gas units including hydrocarbon components to C4 (butane) was recorded within this interval, which will be further evaluated with wireline logs.
Hydrocarbon drill gas levels remain at approximately 5 to 10 gas units. Sandstone targets in the basal Waarre Formation, which contained elevated gas at Port Fairy 1, will be intersected late today.
The lower Waarre section at the Killarney location is anticipated to be substantially thicker than at Port Fairy 1 and the company said potential for further sands not intersected at Port Fairy 1 remains high.
Killarney EPRL-1 is located approximately five kilometres to the east of the Victorian coastal town of Port Fairy and 12 kilometres south of the Western Victorian Portland to Port Campbell gas pipeline.
Interest holders in PEP 152 are Essential Petroleum Resources (Operator) 84.41% and Lakes Oil 15.59%.
