The two Perth-headquartered juniors said five-inch liner had been cemented to the total depth of about 17,000 feet (5183m). Due to the nature of the over-pressured formations at total depth and for safety considerations, the decision was made not to attempt to drill deeper.
“Preliminary log interpretation indicates a number of potential zones of interest with interpreted hydrocarbon-bearing sands totalling between approximately 10 and 50 feet in the Lower Wilcox section and other potential gas/condensate bearing sands further up the hole in the Upper Wilcox,” the two companies said in a statement.
“The interpreted pay zones from this well have the potential to lead to commercial production in a relatively short order, given the close proximity of our well to existing gas processing and export infrastructure in the New Taiton area.
"This, however, is still subject to the successful testing of this well, which will also give us a better understanding of the volume of reserves that may be present in this discovery.”
A decision as to which zones will be tested will be made once log analysis is complete. The scope and timing of the testing program is yet to be determined.
Participants in the Ilse-1 well are operator S Lavon Evans, Jr Inc, which holds a 30% stake, Adelphi Energy Texas (25%), Antares Energy (25%), Index Oil & Gas (USA) (10%) and private US interests (10%).
