A drill stem test in the Patchawarra Formation conducted across the interval 2610-2633m recovered 10 barrels of light sweet crude accompanied by gas at a rate of 0.12 million cubic feet per day. Innamincka said this oil flow equated to 60 barrels of oil per day.
The Juniper Prospect is a lowside fault play along the western side of the Innamincka High. A preliminary estimate of this new discovery using currently inferred productive sand thickness and eight square kilometres of mapped updip closure is 12 million barrels of oil in place.
Following completion of drilling and logging operations, analysis of wireline log and pressure data will be undertaken to provide a firmer resource estimate and confirm the potential for commercial development.
Innamincka has interests in three Cooper-Eromanga basin permits. Juniper was designed to test a possible extension of the nearby Flax field. Its success could change the economics of the minnow’s two discovery wells.
Drilling operations will now continue to evaluate the deeper primary objective Tirrawarra Sandstone which flowed oil in the Flax 1 exploration well, 6 km to the west.
Participants in the PEL 103 Joint Venture are Innamincka Petroleum Limited (Operator) 35% and Vernon E Faulconer Australia Inc 65%.
