THE Padulla-3 appraisal well in Cooper/Eromanga Basin permit PEL 113 is being cased and suspended...
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Interpretation of wireline logs has confirmed the presence of oil pay in the Murta formation, as previously advised, in addition to 1m of oil pay in the Cadna-Owie – a new reservoir in this field, the Adelaide-based company said.
The Padulla-3 well, a follow-up to the Murta Formation oil discovery made by Padulla-2 last year, was drilled to a total depth of 1510m.
Stuart holds a 100% interest in PEL 113.
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