Initial data indicates a 12m gross (4m net) oil column. Fletcher-1 found an 8m column. In both cases, this was well down on a pre-drill prediction of 20-30m.
The well, drilled in exploration permit WA-191-P, 15km east of Santos' Mutineer-Exeter oil production facilities, will now be plugged and abandoned, according to joint venture partner Tap Oil.
“The Fletcher wells have discovered a new oil trend in WA-191-P,” Tap said.
“The resource in the immediate vicinity of the wells is expected to be small; however, the potential of the greater Fletcher trend could be significant.
“Further evaluation will now be required to determine the full potential of this prospective area.”
The WA-191-P Joint Venture comprises: Santos 33.4% (operator), Kufpec Australia 33.4%, Nippon Oil Exploration 25% and Tap Oil 8.2%.
