EXPLORATION

Gemba-1 test recovers 44MMcf, new gas play possible

SENEX Energy’s Gemba-1 in the Cooper Basin has flowed at eight million feet per day and produced 88 barrels of associated liquids, and while the oiler lost over 3% of its value in morning trade, the exploration well may have defined a new, deeper gas play.

 Recoverable gas could be higher as Cooper Basin well hits second target 

Recoverable gas could be higher as Cooper Basin well hits second target 

The seven day Gemba-1 flow test recovered 44 million standard cubic feet of gas in total and preliminary interpretation of volumes indicates the pre-drill estimate of 15 billion cubic feet of ultimate...

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