EXPLORATION

Pennington-1 unlocks more than 2MMbbl

BEACH Energy says Pennington-1 in the western flank permit of PEL 91 in the Cooper Basin may have unlocked a resource of more than 2 million barrels of oil.

James McGrath

It hit multiple oil columns in the McKinlay/Namur and the mid-Namur sandstones, while things could get better with the joint venture yet to test a deeper target. Beach and joint venture partner Drillsearch...

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