West Oil has confirmed that drilling of the Crackling South Prospect should begin in April thanks to the completion of paperwork relating to a recent farmin agreement.
West Oil said it has finalised documentation with Apache Energy to acquire a 22.5% interest in EP-341, offshore Carnarvon Basin, where the Cracking South Prospect will be drilled. The prospect is estimated to contain more than 30 million barrels of recoverable oil.
The Crackling South-1 well will target the Birdrong Sandstone, the main objective sands around 350m.
Interest holders in EP-341 post farmin are West Oil 22.5%, Apache 22.5%, Tap Oil - operator 50% and Strike Oil 5%.
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