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Yesterday morning, the well was drilling ahead at a depth of 65m towards the original hole, which only reached a depth of 167m in the Darai Limestone before it started subsiding.
The Cobra-1 well in petroleum prospecting licence 190 is 13km east of the SE Gobe oilfield and 7km east of the Bilip oil discovery.
It targets the Iagifu sandstone, which is the principal reservoir in the Gobe and SE Gobe fields, in a seismically-defined sub-thrust prospect.
Cobra-1 has a planned total depth of 3100m.
Participants in the well are operator Oil Search (62.556%), Murray Petroleum (26.497%) and Cue Energy (10.947%).
