Voyager said the well will target the Jingemia Prospect, which Voyager estimates to have recoverable reserves of 6 million barrels of oil. The prospect is located about 5km southwest of the Hovea oil discovery.
"We like the Jingemia Prospect on its merit but also believe that participation in this licence will help us with important data control for the exploration of our other licences," Voyager chairman, Mr Peter Leonhardt said.
After the farmin, participants in EP-413 will be Origin Energy Development 49.189% (operator), Hardman Resources NL 22.376%, Australian Worldwide Exploration 15.245%, Victoria Petroleum 5.7685%, Voyager Energy 5.7685%, Pancontinental Oil and Gas 1.278% and private interests 0.375%.
