Drilling was suspended at a depth of 2037m, about 600m from total depth, last week after the rig experienced mechanical failure.
Spudded nearly three weeks ago, Cleansweep-1 is targeting 950,000 barrels of oil at the P50 level of confidence in the Paning, Birkhead-Hutton and Poolowanna Formations, with secondary potential in the Tinchoo Formation.
Once drilling is finished, interests in PEL 100 will be: Stuart (operator- 50%), Sundance Energy (23.333%), Cooper Energy Limited (19.167%), Enterprise Energy (5%) and Liberty Petroleum Corporation (2.5%).
