OIL

Baystone nears total depth, running tests

THE Baystone-1 exploration well in PEL 90 in the Cooper-Eromanga Basin, Queensland was at 2,413 m...

Drill stem test 2 over 2364-2371m in the Paning Member recovered two barrels of oil and 103 barrels of water in the drill string following a flow period of five hours.

“The significance of this result and other hydrocarbon shows encountered will be fully evaluated post logs,” Stuart said.

Participants in Baystone are Stuart 75% and Beach Petroleum 25%.

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