(MENAFN - ProactiveInvestors - Australia) Senex Energy (ASX:SXY) has found more oil at its Snatcher field in the highly productive western flank in the Cooper Basin, potentially increasing the field boundaries to the north west.
Senex, which drilled the Snatcher-9 oil appraisal well, at its PPL 240 and PEL 111 joint ventures in South Australia, has interpreted net oil pay of more than 11 metres.
This appraisal provides significant opportunities for field expansion as well as further oil discoveries.
The Snatcher-9 was a deviated well, targeting the mid-Birkhead formation, with the final bottom hole location for the well about 350 metres north west of the bottom hole location for the successful Snatcher-10 appraisal well in PPL 240.
The Snatcher-9 well, which was spudded early this month, reached a depth of 1908 metres and the wire line logs confirmed the presence of more than 13 metres gross oil column in the Birkhead formation over the interval 1768 metres to 1781.7 metres.
The Ensign Rig 48 will be moved to the Spitfire-2 appraisal well location in PEL 104, west of the Growler oil field in PRL 15.
Senex holds 60% interest in PEL 111, PEL 104, PPL 240 and PRL 15 and is the operator of the joint ventures. Beach Energy holds the remaining 40% interest.