Operator Stuart today said Dunoon-2 was drilled to a total depth of 1460m and was currently pulling out of the hole to run wireline logs.
“Oil shows were noted while drilling the Murta Member and the McKinlay Member,” it said.
“These will be evaluated by wireline logs and drill stem tests if required.”
The well is being drilled on the Dunoon Ridge as a follow-up to the Harpoono oil discovery, 2.3km southwest, and to further test the oil-producing trend confirmed by more recent discoveries at Revenue, Rimfire and Might & Power.
Dunoon-2 is also located 500m northwest of Dunoon-1, which was drilled in 1984 by Delhi Petroleum and exhibited oil shows in the Murta Formation and McKinlay Member.
Stuart said the Dunoon-2 structure has the potential to contain 720,000 barrels of oil in both these formations.
Secondary potential also exists in the Hutton and Birkhead formations.
Interests in Dunoon-2 and PEL 113 are Stuart (66.7%) and Beach (33.3%).
