Woodside Petroleum, one of the participants in the Vic/Rl2 Joint Venture, said logs did confirm the presence of a 35 gross gas column in the primary target as well a number of thin oil zones totalling 10m gross in the Gippsland Basin wildcat.
Other participants are Esso Australia Resources - operator and 25%, BHP Billiton Petroleum 25% and Santos Offshore 20%. Woodside holds a 30% stake.

