The off-take agreement means Stuart will achieve inaugural cash flows less than four months after the spudding of their first well, according to company chairman, John Branson.

Production testing is programmed for a combined rate of up to 800 barrels of light crude oil per day.

Following the appraisal of Acrasia-2, new field resource estimates updates are in progress. The field is located 90 kilometres north of Innamincka in the Candra Block. Interests are Stuart (75%) and Beach (25%).