Drillsearch Energy said Monday it made a new wet gas discovery at its onshore Kyanite-1 near-field exploration well at the Cooper Basin located in South Australia.
The Kyanite-1 well was drilled to a total depth of 11,003 feet in license PEL 513.
“Excellent gas shows were observed across the Patchawarra and Tirrawarra Sandstone/Merrimelia Formations from 250 to 3,795 total gas units, with stacked reservoirs identified,” Australia-based Drillsearch said.
A preliminary interpretation of wireline logs confirmed an aggregate estimate of 79.3 feet of net conventional gas pay over several intervals in the Patchawarra Formation, with a gross interval of 1,752.9 feet.
The well also encountered 27.9 feet of net gas pay over a gross interval of 193.9 feet in the Tirrawarra Sandstone/Merrimelia Formation.
Drillsearch said the potential for multiple completion targets was observed at the discovery, and formation pressure testing identified “good” permeability.
The company also observed several zones with potential for “significant” unconventional pay at the well.
Based on the results of the preliminary analysis Kyanite-1 has been cased and suspended as a future gas producer.
The new find marks the fourth discovery out of five wells drilled by Drillsearch’s joint venture with Santos Energy and is also Drillsearch’s sixth wet gas discovery of FY2015.
Drillsearch holds a 40 percent interest in PEL 513.
Australia-based Santos Energy holds a 60 percent operating interest in the license.