The Directors of Planet Gas Limited (Planet Gas) has provided an update with regards to the drilling of exploration well ‘Silver Star-1’ within PEL 638 in the South Australian Cooper Basin.
SILVER STAR-1 EXPLORATION WELL
Spud Date: 17 March 2017
Total Depth – Silver Star-1: 3,770 metres as at 2400hrs on 23/04
Horizontal Well – Silver Star-1 DW-1: Commenced 25 April 2017
Operations: Lateral section of 1,180 metres has been drilled with gas saturation levels in line with expectations. 5½’’ production casing is currently being set. Fracture stimulation and testing of the well will then follow.
Participating Interest: Senex Energy Limited (Operator) 53.75% Origin Energy Limited, 33.75% Planet Gas 12.5% (free carried).
About Silver Star-1 Exploration Well
The Silver Star-1 well is a high impact exploration well and will target basin centred gas in the Permian sandstones.
The properties of the reservoir have successfully met certain criteria and a lateral section of 1,180 metres has been drilled. 5½’’ production casing is now being set. Fracture stimulation and testing of the well will then follow.
Planet Gas 12.5% interest is free carried by joint venture partners Senex Energy Limited and Origin Energy Limited.