At Wombat-3, perforation of the casing over the interval 2,104 - 2,107 metres took place late yesterday afternoon. This morning, on the first swabbing run, a light green high API gravity oil was recovered. The API has not yet been measured and swabbing is continuing.
“This is the first oil recovered from the Strzelecki formation onshore Gippsland, but the full significance of this recovery will not be known for several days,” Lakes Oil chairman Robert Annells told EnergyReview.Net.
The Wombat Block is located in PEP 157. An overriding royalty of 5% of the wellhead value of any hydrocarbon production is payable to Roma Petroleum N.L. a former holder of the permit.
