Managing director Anthony Short said the well would be perforated and stimulated in 10 different productive horizons later this month.

"The Thomas 9-2 is a direct offset to the Thomas 9-1 and the Thomas 5-1 wells that have both far surpassed expectations in their first year of production," he said.

"This is the seventh well on this prospect and the location has been selected based on the company's 3-D seismic data in a similar method to which the Thomas 5-1 and Thomas 9-1 were selected."

The projects operator manager Hibernia Resources reports both the Thomas 5-1 and 9-1 produced initial rates of more than 250 barrels of oil equivalent per day and are on track to be among the highest producers in the county.

Advance has a 12.5% interest in this project, Motherlode Phase II.