Proceeding to drill the horizontal section on Silver Star-1 gas exploration well Silver Star-1 is a high impact gas exploration well targeting basin centred gas in the Permian sandstones of the Patchawarra Trough. Subsequent to the end of the quarter the well reached target depth of 3,770 metres. The joint venture has determined that Silver Star-1 successfully meets the pre-defined reservoir thresholds and is drilling a horizontal section of up to 1,500 metres. Multi-stage fracture stimulation and testing of the well will
follow.
PGS Price at posting:
1.4¢ Sentiment: Hold Disclosure: Held