The Perth-based company today said the Windgap prospect was mapped pre-drill as a potentially undrained extension of the North Tejon gas and oil field.
“Interpretation of the results indicate that the Z1R reservoir (between 8914 feet and 8968ft) has been depleted by historic production of the field,” Salinas said.
“The Z1 reservoir (between 8990ft and 9025ft), although apparently gas saturated, has proved to be tight and did not flow hydrocarbons at commercial rates.”
The company said the joint venture plans to carry out a final combined test of two deeper zones, the R1 (between 11,753ft and 11,773ft) and Z6 (between 11,190ft and 11,210ft) to finish evaluating the well.
“These deeper zones did not exhibit obvious signs of hydrocarbon saturation during drilling and are considered to have a relatively low chance of proving up commercial quantities of hydrocarbons,” Salinas said.
After the two deeper zones are completed, Salinas said the JV will consider the implications of this well result on the wider Windgap project prospectivity.
Salinas holds a 42.5% stake in the Windgap project, while Statesman Resources has 21.25%, Laris Oil & Gas 15%, Transerv Australia 12.75% and Solimar Energy 8.5%.
