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“This well confirms the northeasterly extension of the field and may result in an upgrade of field reserves,” managing director Tino Guglielmo said.
“Logs indicate approximately four or five metres of pay, which will be flow tested in the next few days.
“The Hutton reservoir quality looks good and we are hopeful of a strong flow.”
Derrilyn-1 flowed oil from a test of the Hutton at a rate of 1700 barrels of oil per day.
Derrilyn 4-also recorded oil shows in the Cadna-owie Formation, Murta and McKinlay Formations.
Interests in PPL 206 are Santos (operator with a 65% stake) and Stuart (35%).
