Santos Ltd. and Drillsearch Energy Ltd. have discovered wet gas in their Kyanite-1 wildcat in permit PEL 513 in the western Cooper basin fairway in South Australia.
It is the fourth discovery for the pair in the last five wells of their proposed eight-well exploration program in the region in 2015.
Kyanite-1 was drilled to a total depth of 3,354 m. Wireline logs have confirmed an aggregate estimate of 24.2 m of net gas pay over several intervals in the Permian-age Patchawarra formation with a gross interval of 534.3 m.
In addition, 8.5 m of net gas pay was encountered in the underlying Tirrawarra Sandstone/Merrimelia formation over a gross interval of 59.1 m.
Formation pressure testing indicates good permeability and there is also potential for unconventional hydrocarbons in several zones.
Kyanite-1 result is enhanced by being close to existing infrastructure. The well has been cased and suspended as a future gas producer.
Santos has 60% of the permit; Drillsearch has 40%. Drillsearch is being free-carried through the remainder of 2015.
