According to Innamincka, preliminary wireline logs run during the past week show oil pay in the basal Patchawarra-Tirrawarra section.
The top of the Tirrawarra reservoir and the LKO were intersected 6m deeper than the previous lowest intersection at Flax East ST1, the company said.
Flax-7, in permit PRL 14, will be included in the company's fraccing and testing program planned for June-August this year.
Innamincka said the rig has been released and will now move to the Crocus South 1 exploration well.
Participants in PRL 14 are: Innamincka (operator) 75% and SCGAU 25%.