The oil cut continues to increase as the load fluid is drawn down and the company expects this trend to continue.
Whitebark’s managing director David Messina said: “The well is performing at rates above expectations to date and we are looking forward to seeing a substantive, stabilised, oil production outcome as we clean the well up in the next few weeks.”
The Wizard Lake horizontal exploration well was drilled at the Rex target within the Point Loma Joint Venture (PLJV).
The Wizard Lake Rex well was spud on 24 November 2018 and drilling finished on 2 December 2018.
This is the first horizontal well to be drilled in what could be a multi-well program.
Nearby activity supports commercial prospects of area
Recent activity in the area has resulted in highly commercial wells.
The Rex prospect has the potential for 12-14 follow up development wells.