OIL

Flax-7 finds oil pay

INNAMINCKA Petroleum's Flax-7 ST1 development well in the Cooper Basin has been cased at a depth ...

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%.

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