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.

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

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