MELBOURNE-BASED Lakes Oil has decided to re-open the Wombat-2 well in onshore Queensland for an extended flow test while it is in the same licence area, PEP 157, drilling the Echidna High well.
Lakes Oil told the ASX this morning that Echidna High was drilling ahead at a depth of 590m within the Latrobe Formation.
It also told the ASX that it had decided to re-open Wombat-2 “while we have personnel in the area”.
Lakes has a 92.5% stake in the Wombat wells, while Roma Petroleum holds a 5% overriding royalty. Wombat-1 had hydrocarbon shows while being drilled during December 2003 north-east of the Gippsland township of Seaspray.
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