A further 400m of Latrobe group remains to be assessed, with potential accumulations relying on intra-formational seals.
Full evaluation of the significance of the shows encountered thus far will need to await logging at total depth.
Wombat-1 is located 3km northeast of the township of Seaspray in Gippsland, and is designed to test Latrobe Group sands, and the underlying Golden Beach Formation and Strzelecki Formation sands.
The well is sited at the crest of the Wombat structure.
The Merriman-1 well, drilled by Arco in the 1960's, was drilled downdip at the edge of the structure and encountered good reservoir quality sands in the Golden Beach Formation and Latrobe Group.
Minor gas shows were encountered in the Tertiary section and gas has flowed from tight Strzelecki Formation sands in wells immediately north of Wombat-1.
The Wombat Block is located in PEP 157. Lakes Oil has retained a 92.5% interest in the Wombat Block subject to a 5% overriding royalty held by Roma Petroleum.