Tuesday 29th December 2020 |
Text too small? |
The Ironbark-1 well in WA-359-P located in the North Carnarvon Basin, off the North West coast of Australia, has intersected its primary target interval at a depth of 5275 metres and, as planned, continued drilling to intersect the remaining sands. No significant hydrocarbon shows were encountered in any of the target sands.
The Joint Venture continued drilling to a total depth of 5618 metres and operations to plug and abandon the well are commencing.
It will take some time once drilling is complete, data retrieved and results analysed, to understand the implications for the play.
Chief executive Andrew Jefferies said.
“Bugger…. a very disappointing result for us all. Ironbark was a world scale prospect in a highly prospective address, and it needed drilling. We got an answer, but it was not the one we wanted.
While the operations are not over yet, I’d like to acknowledge the Operator BP for their safe and professional operations throughout the drilling of the well, as well as our JV partners and our shareholders for their continuing support.”
Drilling operations at Ironbark began on 31st October 2020 (AWST). Participants in WA-359-P are BP Developments Australia Pty Ltd (Operator, 42.5%), Cue Exploration Pty Ltd (21.5%), Beach Energy Limited (21%) and NZOG (Ironbark) Pty Ltd (15%).
See the link below for more details:
Source: New Zealand Oil & Gas Limited
No comments yet
TWL - TradeWindow announces strategic partnership with FTA
BLT - Patent issue settled and new 5 year agreement with BSP
July 2nd Morning Report
July 1st Morning Report
June 27th Morning Report
SDL - FY2026 Earnings Guidance
PaySauce Director resigns for US-based role with NZTE
General Capital Releases 2025 Annual Report
June 26th Morning Report
Devon Funds Morning Note - 25 June 2025