Preliminary log analysis also indicates a small non-commercial gas accumulation in good quality Lower Barrow Sandstones.

The well has reached a measured total depth of 2,577 metres.

Located in TP-18, 16km north-west of Airlie Island, Boojum-1 was targeting an interpreted fault block structure comprised of Lower Barrow sandstones.

Additional information will be collected for future interpretation of the area before the well is plugged and abandoned as planned.

Interests in TP-18 are Tap Oil Limited (operator) 50% and Strike Oil Limited 50%.