AI assistant
FIN RESOURCES LIMITED — Capital/Financing Update 2013
Nov 19, 2013
64920_rns_2013-11-19_2c109903-9d2b-469f-9b7b-94e0f9ab216d.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
ASX Announcement
==> picture [133 x 46] intentionally omitted <==
New oil horizon intersected at Burruna oil field
Release Date: 20 November 2013
Senex Energy Limited (Senex, ASX: SXY) is pleased to advise that the Burruna-3 oil well successfully appraised the Namur Formation intersected by the Burruna-2 discovery. Further, the well also encountered an additional oil accumulation in the previously untapped lower Birkhead Formation.
Drilling of the Burruna-3 appraisal well in PEL 115 (Senex 80%, Orca Energy 20%) commenced on 9 November and reached a total depth of 1,664 metres.
The well has confirmed the structural mapping of the Burruna oil field and intersected the Namur Formation that delivered flow rates of up to 3,600 barrels of oil per day at the Burruna-2 well.
In addition, the well encountered approximately three metres of interpreted net pay in the lower Birkhead Formation. Wireline logging is currently underway to confirm this discovery.
In addition, good quality oil and gas shows were encountered in the Murta Formation which is productive in the adjacent Fury and Mirage fields.
Burruna-3 is located 560 metres southeast of the Burruna-2 oil discovery, as shown in Figure 1.
For further information contact:
Ian Davies
Managing Director Senex Energy Limited Phone: (07) 3837 9900
Andrew Barber Corporate Affairs Manager
Senex Energy Limited Phone: (07) 3335 9821 or 0418 783 701
Senex Energy Limited Head Office ABN 50 008 942 827 Level 14, 144 Edward St, Brisbane Qld 4000 GPO Box 2233, Brisbane Qld 4001
T +61 7 3837 9900 F +61 7 3837 9999
[email protected] Page 1 of 2 senexenergy.com.au
==> picture [133 x 46] intentionally omitted <==
ASX Announcement
Figure 1 – Burruna oil field
==> picture [462 x 482] intentionally omitted <==
Senex Energy Limited Head Office ABN 50 008 942 827 Level 14, 144 Edward St, Brisbane Qld 4000 GPO Box 2233, Brisbane Qld 4001
T +61 7 3837 9900 F +61 7 3837 9999
Page 2 of 2
senexenergy.com.au