DRILLING

Otway drilling gets underway

SHAREHOLDERS are seemingly excited about the spudding of the Morey-1 well in PEP 169 of the Otway Basin that could be a lookalike of the old Iona gas field.

Marija Stojkovic

Morey-1 is a conventional gas target that straddles the border with PEP 168 and is located along a known trending hydrocarbon fairway. The well, which was spudded on Friday, is also just north of the...

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