The well is being drilled as a deviated well from the Saunders-1 drill pad to target the objective Iagifu sandstone within the SE Gobe unit area, between the Saunders-1 well and SE Gobe-6 ST1 production well, in what the partners interpret to be a structural extension of the SE Gobe field.

“The structural extension will be addressed by drilling a pilot hole prior to drilling the horizontal development hole. The well is expected to take approximately 70 days to drill and complete,” said a statement from junior partner Cue Energy.

SE Gobe-11 is expected to add 1.4 million barrels of incremental reserves and to confirm

the extension of the SE Gobe field to the south-east towards Saunders-1.

Participants in the SE Gobe Oil Unit are: Oil Search (PNG) Limited 52.90% (Operator), Southern Highlands Petroleum Co Ltd 23.69%, Barracuda Limited (Santos) 9.39%, Ampolex (Highlands) Limited 5.95%, Cue PNG Oil Company Pty Ltd 3.29%, Merlin Petroleum Company Limited 2.78%, Petroleum Resources Gobe Limited 2.00%.