If successful, it will also be the ninth well completed at the Marion-operated project to date, the partners told the Australian Stock Exchange this morning.
Kenilworth Railroad-15-3, which is being drilled as a directional well from the existing exploration well drilling pad, is designed to intersect the Ferron sand and coal objectives.
It is designed to achieve this half-way between Kenilworth Railroad-1 and Cordingly Canyon-15-1 wells, effectively completing drilling on a 160-acre spacing in this area of the field.
Five of the other six Ferron wells drilled to date are tied into production infrastructure and continuing to be cleaned-up and dewatered. This operation has been temporally suspended at Kenilworth Railroad-1 while the 15-3 well is being drilled and completed.
Stakeholders in the Helper project are Marion, as operator with a 48.75% interest, Odyssey with 30%, Pegasi Energy (10.625%) and private interests (10.625%).
