The flow rate has stabilised at a rate of 274 barrels of oil a day on a quarter inch choke with a flowing well head pressure of 62psi, according to joint venture partner Roma Petroleum.
“Subject to completion of the extended production testing and rig availability the next step in the development of the Mirage oilfield will be the drilling of a development well, Mirage-2 in July,” Roma said.
Roma said it has now moved ahead from a purely exploration outfit to a modest oil producer. It could look forward to increased production from the nearby Ventura oilfield coming in the near future, as well as development drilling in the Mirage Oilfield and likely future discoveries in its 20%-owned blocks in the Cooper Basin, South Australia.
Participants in Petroleum Exploration Licence 115, which contains the Mirage and Ventura Fields, are: Victoria Petroleum NL (operator) 40%, Roma Petroleum NL 20%, Impress Ventures Ltd 15%, Entek Energy Ltd 12.5%, Tacnas Pty Ltd 12.5%.
