Senex Energy said Wednesday that it drilled dry at the Sheerkhan-1 and Jenners-1 exploration wells in Australia’s Cooper Basin.
The Sheerkhan-1 oil exploration was drilled to a total depth of 7,710 feet at license PEL 182 in the South Australian Cooper-Eromanga Basin.
The well encountered “good” oil shows in the Birkhead Formation, however the reservoir was “poorly developed” and contained an uneconomic volume of oil, Australia-based Senex said.
The well will be plugged and abandoned.
Senex holds a 57 percent operating stake in Sheerkhan-1.
Australia-based Drillsearch Energy holds a 43 percent stake in the well.
The Jenners-1 oil exploration well was spudded on December 15 and was the sixth and final well in the company’s northern drilling campaign.
The well was drilled to evaluate stacked oil potential across a mapped four-way dip closure in onshore license PEL 100.
Jenners-1 had “poor” oil shows and was plugged and abandoned after reaching a total depth of 8,284 feet.
Senex holds a 55 percent operating stake in the well.
Australia-based Santos holds a 25.835 percent and Australia-based Cooper Energy holds a 19.165 percent stake.
“While the campaign did not result in the discovery of commercially exploitable reserves, it has provided valuable technical data which will inform further assessment of the stratigraphic potential of this region,” Senex said.