The Brisbane-based company today said drilling operations to the well’s total depth of 1900m are expected to take about 16 days to complete while penetration of the Hutton Sandstone primary target is about nine days from spud.

Marracoonda-2 is the first of three back-to-back oil exploration wells of a five-well farm-in program in ATP 752P.

The first three wells target prospects in the Wompi block on trend and near high productivity oil fields. The final two wells are in the Barta block and are conditional on the results of recent seismic programs.

Bow said it is fully carried on the Cooper-Eromanga oil exploration drilling program with Avery Resources (Australia) funding 100% of each Wompi block well’s cost to casing point or plug and abandonment.

Bow will retain 25% direct working interest after the farm-in program by Avery is completed.

The interests in Marracoonda-2 and ATP 752P (following the completion of the Avery farm-in) are operator Bow with 25%, Victoria Petroleum with 25% and Avery, which will hold 50%.