Wireline logs and drill stem tests of the well indicated a new oil pool in the Murta Formation in the Cooper Basin but reservoir productivity was not sufficient to warrant completion of the well. Good oil shows were also encountered at the top of the McKinlay Member, the companies said.
They said the results indicated that although a commercial accumulation was not present at the Maslins-1 location, there was an active petroleum system in the area and it was possible that commercial oil was present elsewhere in the greater Maslins structure.
Following release from the Maslins-1 location, the drilling rig will move to Aldinga-1, located approximately 40km to the northeast, in PEL 95. This well is expected to spud on or about Sunday 25 August.
