Vali-1 shows oil and gas as well hits Patchawarra Formation

ASX-listed Vintage Energy has noted oil and gas shows at the Vali-1 exploration well it shares with Metgasco and Bridgeport Energy across multiple formations in the Cooper Basin, with the well now reaching a measured depth of more than 3000 metres, giving the joint venture confidence of a commercial discovery.

Vali-1 shows oil and gas as well hits Patchawarra Formation Vali-1 shows oil and gas as well hits Patchawarra Formation Vali-1 shows oil and gas as well hits Patchawarra Formation Vali-1 shows oil and gas as well hits Patchawarra Formation Vali-1 shows oil and gas as well hits Patchawarra Formation

 

The well spud mid-December using the SLR-185 drilling rig and has since hit gas in the Nappamerri and Toolachee Formations.