Three 18-metre cores recovered from the target basal Patchawarra and top Tirrawarra Sandstone interval revealed strong oil shows.
"The core data supports geological correlation of this interval with the oil-bearing section in
the Juniper 1 well," the company sid in a statement.
"This interpretation would extend the height of the known oil column from approximately 40 metres to in excess of 120 metres and would increase the field area from 8 square kilometres about 30 square kilometres."
The Juniper-2 well is a downflank appraisal well 1.9 km north-west of the Juniper1 discovery well in PEL 103.
Participants in the PEL 103 joint venture are Innamincka Petroleum Limited (operator) 35% and Vernon E Faulconer Australia Inc 65%.