Release Date: 2 December 2015
Martlet-2 oil development well (ex-PEL 104: Senex 60% and operator, Beach Energy 40%
(ASX:BPT))
Martlet-2 is designed to accelerate recovery of remaining oil from the Namur Sandstone at the Martlet field. The well is located approximately 190 metres south west of the Martlet-1 production well, and approximately 1.1 kilometres south east of the Martlet North-1 production well.
The well spudded on 22 November and reached total depth of 1,535 metres on 26 November. Martlet-2 intersected 4.5 metres of net pay in the target zone and was cased and suspended as a future oil producer. The joint venture expects to bring the well online in early 2016.
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