Vintage Energy readying wireline evaluation at Odin-1

Vintage Energy reported extensive gas shows in its primary target after reaching a total depth of 3,140 m in the Odin-1 well in the Cooper basin of northeast South Australia.

The company is conditioning the hole prior to running a wireline evaluation program to investigate the shows.

Odin-1 has been drilled into a fault-bounded Permian-age Patchawarra formation closure that is up-dip from a 1987 wildcat, Strathmount-1, that made what was then deemed a non-commercial hydrocarbon discovery.

More recent work suggests Strathmount-1 has conventional gas pay in the Permian-age Toolachee formation as well as conventional and tight gas pay in the Patchawarra.

Both the Toolachee and Patchawarra contain the gas shows found in Odin-1.

The Odin prospect trends northeast across the state border into Vintage’s ATP2021 permit in southwest Queensland and is about 10 km from the company’s recently discovered Vali gas field.

Vintage is operator at Odin with 42.5% interest. Parnters are Metgasco Ltd. 21.25%, Bridgeport (Cooper Basin) Pty Ltd. 21.25%, and Impress (Cooper Basin) Pty Ltd. 15%.