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Senex Energy

Senex Energy continues oil drilling success in the Cooper Basin, South Australia

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Senex Energy (ASX: SXY) has enjoyed a string of exploration success since 1 July 2013 with 13 of the 15 oil wells it drilled in the Cooper Basin, South Australia, been cased and suspended for future testing and production.

Recent wells include the Growler-13 exploration well that intersected about 10 metres of oil-saturated mid- Birkhead Formation above the field oil-water contact.

This confirmed the extension of the mid-Birkhead reservoir east of the main Growler field and the well has been cased and suspended pending production testing.

The Vintage Crop-3 appraisal well confirmed the southern extension of the field with wireline logs indicating that it had intersected 3.8 metres of net pay in the Murta Formation and a further 3 metres of net pay in the Birkhead Formation.

In addition, the Acrasia-6 appraisal well confirmed several opportunities to increase oil production from the Acrasia oil field, 125 kilometres north east of Moomba, near the Queensland border.

These included the exploitation of partially-swept oil accumulations in the Hutton, Birkhead, Poolowanna and lower Tinchoo formations; a newly discovered oil accumulation in a sandstone reservoir of the upper Tinchoo Formation; and further evaluation of the oil production potential of the Arrabury Formation sandstones.

Drilling is currently underway at the Acrasia-8 development well.

 

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.

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Price: $0.40

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Market Cap: $581.41 m
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