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Senex Energy Ltd, Acrasia-6 Intersects 31 Metres of Net Oil Pay and Discovers New Oil Horizon

Key points

-  31 metres of net oil pay and 15 metres of possible net oil pay with good oil shows throughout the target zones in Acrasia-6 (PPL 203, Senex 100%);

-  New oil accumulation discovered in the upper Tinchoo sandstone;

-  Stacked oil pay with multiple oil water contacts confirmed;

-  Coring program confirms hydrocarbon potential in the Arrabury Formation.

Senex Energy Limited (Senex, ASX:SXY) has delivered further success as part of its 30+ well drilling program for 2013/14, with Acrasia-6 extending the productive life of Acrasia oil field in the north east of South Australia’s Cooper-Eromanga Basin.

Acrasia-6 is a deviated appraisal well located approximately 300 metres south of Acrasia-1, which has produced from the mid Tinchoo Formation since 2002. The appraisal well was designed to assess the extent of the Acrasia Hutton Sandstone oil accumulation, produce unswept oil in the Birkhead, Poolowanna and Tinchoo sandstone reservoirs, and evaluate the potential of the Arrabury Formation.


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