Project Profile
Value: Undisclosed
Location: Cooper Basin, Australia
Area: 266 sq km
Reserves: 2.9 trillion cubic feet of prospective resource (Hornet field only)
Start-up Year: -
The location of PEL 115 is significantly strategic as it is adjacent to the Cooper Basin “unconventional gas fairway” and surrounded by PEL 516, where Senex estimates a net gas-in-place resource of over 100 Tcf. PEL 115 has already had two wells drilled (Fury-1 and Airacobra-1) which both had oil shows. The commerciality of these oil shows is still yet to be defined. The new Hornet field contains up to 2.9 trillion cubic feet of prospective resource.
Operators:
Senex Energy: Operator with 75% interest
Lion Petroleum: 25% interest
Orca Energy: Farmed out June 2013
Contractor:
Packers Plus Energy Services: Drilling contract