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Innamincka considers Yarrow options after disappointing follow up

Innamincka Petroleum has plugged and abandoned theYarrow-2 well after completing wireline logging...

The well was abandoned after being deemed too tight for commercial production, forcing the company to reduce the productive area of the Yarrow Gas Field.

Yarrow-2 revealed that the gas accumulation in the Tirrawarra Sandstone intersected in Yarrow-1 had extended to the Yarrow-2 location.

Additionally the presence of new gas saturated Patchawarra Formation sandstones at the Yarrow-2 location was confirmed. These sandstones were not present at the Yarrow-1 location and offer the potential for additional gas (and possibly oil) down structure from Yarrow-1.

However, the tight reservoirs in both the Tirrawarra Sandstone and Patchawarra Formation have ruled out any commercial production from the well.

Participants in the PEL103 Block Joint Venture are Innamincka Petroleum (operator) 35% and Vernon E Faulconer Australia 65%.

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