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Image courtesy of Beach Energy.

Australia-based Senex Energy spudded the Martlet North-1 oil exploration well last week in the western flank of Australia’s Cooper Basin.

The well, spudded on January 27, will evaluate the oil potential of a mapped four way dip closure in the Namur horizon and a secondary target in the Birkhead formation that has been defined by 3D seismic surveys.

Martlet North-1 is expected to reach a total depth of 6,653 feet sometime in early February.

The well is located in license PRL 148 about a half a mile from the Martlet-1 well that encountered a nearly 20 foot pay zone in the Birkhead formation last September.

“The Martlet-1 discovery provided substantive evidence of Namur migration into the northern part of the western flank,
thereby lowering the assessed exploration risk associated with nearby Namur structures such as Martlet North-1,” Senex said.

Martlet North-1 is the tenth well to be spudded as part of Senex’s fiscal year 2015 drilling program.

Senex operates the well with a 60 percent stake. Australia-based Beach Energy holds a 40 percent stake.