Should the well be successful, the company plans to carry out completion and fracture stimulation work to fully evaluate the gas potential of the target Permian section.
This would form part of the plan to delineate sufficient reserves to justify establishment of a gas processing facility and sales agreements using gas accumulations in both PEL 101 and PEL 103.
The company already has estimated total in-place reserves of about 49 billion cubic feet in the Ginko and Crocus fields in PEL 101.
Partners at Crocus South-1 are operator Innamincka (60%) and MCEA (40%).
