OIL

Innamincka confirms Flax-5 oil pay

PRELIMINARY analysis of wireline logs suggests the Flax-5 appraisal well has encountered 7m of oi...

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In a drilling update, Innamincka said it has released the rig, now that production casing has been run in the well to a depth of 2767.5m.

Moving the rig to the next well in the campaign will depend on access and local weather, it said.

Innamincka added that it was expecting hold-ups in the near future due to floods moving down the Cooper Creek.

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