New Gas Discovery in Cooper Basin

Australian Mining reported that a Drillsearch Energy and Santos joint venture have made a new gas discovery in the Cooper Basin in South Australia.

As quoted in the market news,

The Emery-1 near-field exploration well in PEL 513, on the Western West Gas Fairway, was drilled to a depth of 3262 meters and showed gas from 2641 to 3174 metres, with stacked reservoirs identified.

Drillsearch MD Brad Lingo stated:

Emery-1 [is] our sixth wet gas discovery with Santos and our eight this year overall.

Click here for the full Australian Mining report