Driiled by the Ocean Patriot rig, the well intersected the Top Gurnard Formation at 622m (5.5m low to prognosis), the Latrobe Formation at 660m (12.5m high to prognosis) and the Strzelecki Formation at 672ms (123.5m high to prognosis). All formation tops were preliminary at this stage, BSOC said.
Fluorescence shows were encountered over the Gurnard Formation interval 624 to 636m and elevated gas readings were encountered in several zones through the Gurnard, Latrobe and Strzelecki Formations.
“While these shows are considered encouraging they cannot be taken as indicating movable hydrocarbons or suitable reservoirs,” BSOC said.
“The ongoing wireline logging evaluation program will more fully address the hydrocarbon and reservoir potential of the Gilbert-1A well. Forward operations are to complete the evaluation program which is expected to take approximately two days.”
Participants in Gilbert-1A are currently Gippsland Offshore Petroleum Ltd (GOP) 95% and Eagle Bay Resources NL (EBR) 5%.
Following farm-in contribution participation, participants will be: Gippsland Offshore Petroleum 51% Eagle Bay Resources 10%, Lakes Oil NL (LKO) 26%, Moby Oil & Gas Limited (MOG) 10% and Stellar Resources (SRZ) 3%.
Bass Strait Oil Company Ltd (BAS) is the operator but has no equity in the well.
