Findra -1 will be drilled to a total depth of 850m targeting potential reservoirs in the Paaratte Formation at approximately 480 m and in the Flaxman/ Waarre Formations at approximately 680m.
The well is located approximately 20 kilometres NNW of the Victorian coastal town of Port Fairy and 5 kilometres east of the Port Fairy Hamilton Road.
Essential Petroleum controls 100% of the PEP 159 permit.