Drill stem test 2, which was run over the interval 1153-1167.5m in the Murta Formation, recovered 7.5 barrels of oil in the pipe, which equates to a flow rate of 45 bbl of oil per day, according to Stuart managing director Tino Guglielmo.

“The result is pleasing in that it extends the prospectivity of the Harpoono area and improves the risk profile of the adjacent Revenue-1, the next well to be drilled in the current drilling program.”

At 6am this morning, South Australian time, Rimfire-1 was at 1509m, drilling towards planned total depth of 1542m.

Participants in the well are Stuart Petroleum, which holds a 66.7% stake and

Beach Petroleum (33.3%).