Twenty nine barrels of oil were recovered yesterday from a secondary target of the much anticipated Acrasia-1 well, encouraging signs for the soon-to-be-reached primary target zones.
The primary targets, the Hutton sandstones and the Triassic Tinchoo formation, are expected to be tested during the next few days, operator Stuart Petroleum said.
A drill stem test on Wednesday had recovered 27 barrels of oil, according to Stuart, with a gravity of 47.5 degrees from a secondary target in the Birkhead Formation between 1895-1909 metres.
Adelaide-based Stuart has a 75 per cent interest in the PEL 90 while fellow SA explorer Beach Petroleum is earning a 25% interest by contributing to the cost of drilling Acrasia-1.
The Acrasia-1 well is the first well to be drilled in the region on licence areas granted by the South Australian Government in 1998 when it opened up access to the lands.
