Stuart Petroleum, operator of the Cooper Basin wildcat well, Karbine-1, said the well was at 1900...
Stuart said the well has so far not recorded any significant shows of hydrocarbons, other than those indicated by the first drill stem test over the 1,357-1,363m interval in the Namur Sandstone last week.
Stuart has a 70% interest in PEL93, which is 50km southwest of Moomba. Cooper Energy NL has the remaining 30% and is funding all the costs of the well.
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