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DRILLING

Moonta-1 target saturated

BEACH Energy has announced the Permian target zone at its Moonta-1 unconventional vertical well at PEL 218 in the Cooper Basin is gas-saturated.

James McGrath
Moonta-1 target saturated

It made the declaration as a result of mud logs after the well reached its target depth of 3180m yesterday. The company said the entire zone - from the top of the Toolachee formation to the bottom of...

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