logo-loader
viewSenex Energy

Senex Energy flows 1,200 barrels of oil per day from Cooper Basin exploration well

au_oilbarrels350_52560495047de.jpg

Senex Energy (ASX: SXY) is set to trade higher after flowing 1,200 barrels of oil per day during drill stem testing of its Dunlop-1 exploration well in the Cooper Basin, South Australia.

It success validates the ability of the company’s current drilling program of more than 30 wells to add reserves and increase production.

The oil flow was produced from a net pay interval in the McKinlay Member and the company will now test an interpreted net pay interval of up to nine metres in the Murta Formation.

Dunlop-1 will be cased and suspended as a future oil producer and will be brought on production this quarter.

Senex has a 100% interest in PEL 113.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: Senex Energy

Price: 0.175 AUD

ASX:SXY
Market: ASX
Market Cap: $254.97 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Matador Mining Ltd nearing release of scoping study for Cape Ray gold project

  Matador Mining Ltd's (ASX:MZZ) executive director Adam Kiley tells Proactive's Andrew Scott they're getting to close to announcing a scoping study for its Cape Ray Gold Project in Newfoundland, Canada, which is expected to be released 'later this quarter'. ''Also in the past quarter...

23 hours, 51 minutes ago

2 min read