Senex Energy Limited (Senex, ASX:SXY) is pleased to announce a Namur oil discovery at Martlet North-1 on the western flank of the South Australian Cooper Basin.
The Martlet North-1 exploration well (PRL 1481: Senex 60% and operator, Beach Energy 40%
(ASX:BPT)) spudded on 29 January 2015 and was designed to evaluate the oil potential of the Namur Sandstone, with a secondary target in the Birkhead Formation.
The well encountered oil shows in the target reservoir and subsequent evaluation of logs indicate vertical net pay of 3.2 metres. In addition, the well encountered oil shows in the Birkhead Formation. The well is located approximately 1.1 kilometres north-west of Martlet-1 which is producing from the Namur horizon.
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