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SXY

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$3.10 senex energy limited

Ann: March 2018 quarterly report conference call details, page-12

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db76

2,267 Posts.

24/04/18

15:18

Post #: 32659981

Originally posted by etherazer ↑

Here is one factual snippet re the Senex operated Growler 15 well in ex PEL 104 from the Beach' quarterly today.

" Senex operated Growler-15 was drilled and brought online during the quarter at an initial production rate of 1,850 bopd. "

There was also a report on the Deviation Well, Maurauder-2 DW1 which appears to have been successful as it is listed among the 8 successful oil wells during the quarter for Beach>

Page 12 of 16

Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7

1 Well results summary

2 Basin
Category
Wells Spudded
Rig Released
Successful Wells
Success Rate
Successful Wells

3 Cooper
Oil – Exploration
1
1
0
0%

4 Oil – Appraisal
5
5
5
100%
Cocinero-6; Kalladeina-3; Kalladeina North-1; Kooroopa-4; Takyah-6

5 Oil – Development
9
9
8
89%
Cocinero-7, -8; Growler-15; Stunsail-4, -5, -6, -7, Marauder-2 DW1

6 Gas – Exploration
3
3
2
67%
Casimir-1; Bantam-1

7 Gas – Appraisal
2
2
2
100%
Napowie-3; Wackett-17

8 Gas – Development
7
7
7
100%
Balcaminga-3; Gooranie-8, -9, -10, -11; Tirrawarra-89; Varanus-4

9 Total Wells
27
27
24
89%

These highlights below, also from the Beach Quarterly, but apply partly to Senex re the Growler oilfield and also regarding the 'increased focus on future horizontal well opportunities' in Western Flank CB oilfields by the SXY/BPT joint venture.

Drilling highlights:
 Strong drilling performance continued with 27 wells drilled at an 89% success rate.

 The drilling component of the Stunsail full field development project was successfully completed. The campaign comprised an initial two-well vertical phase later followed by a two-well horizontal phase. Horizontal well, Stunsail-6 is the first Birkhead Formation, horizontal development well on the Western Flank. It drilled a 585 metre lateral section and encountered 203 metres of net oil pay. Horizontal well, Stunsail-7 targeted the McKinlay Member. It drilled a 528 metre lateral section and encountered 509 metres of net oil pay.

 Horizontal development well, Growler-15, was successfully drilled and brought online as a Birkhead Formation producer. Growler-15 drilled a 1,037 metre lateral section and encountered 578 metres of net oil pay.
 Successful horizontal development wells at Stunsail-6 and-7 and Growler-15 support increased focus on future horizontal well opportunities.

 100% success rate in the five-well, Cooper Basin JV gas and oil development campaign in the Tirrawarra-Gooranie Field.
 Second phase of Beach’s FY18 operated gas exploration campaign commenced in March.

Expand

"Growler-15 drilled a 1,037 metre lateral section and encountered 578 metres of net oil pay"

How thick(vertical) was the oil bearing section's net oil pay?
You get used to reports of vertical net pay
Horizontal net pay is a new one
It does show that there must be a significant variation of strata horizontally to get only 578 of 1037m

SXY Price at posting: 41.5¢ Sentiment: None Disclosure: Held

2 Upvote

0 Great analysis

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	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6	Column 7
1	Well results summary
2	Basin	Category	Wells Spudded	Rig Released	Successful Wells	Success Rate	Successful Wells
3	Cooper	Oil – Exploration	1	1	0	0%
4	Oil – Appraisal	5	5	5	100%	Cocinero-6; Kalladeina-3; Kalladeina North-1; Kooroopa-4; Takyah-6
5	Oil – Development	9	9	8	89%	Cocinero-7, -8; Growler-15; Stunsail-4, -5, -6, -7, Marauder-2 DW1
6	Gas – Exploration	3	3	2	67%	Casimir-1; Bantam-1
7	Gas – Appraisal	2	2	2	100%	Napowie-3; Wackett-17
8	Gas – Development	7	7	7	100%	Balcaminga-3; Gooranie-8, -9, -10, -11; Tirrawarra-89; Varanus-4
9	Total Wells	27	27	24	89%

Ann: March 2018 quarterly report conference call details, page-12

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