A few of the old wells on the KEY leases have shown significant potential. Modern geophyisics and a better understanding of the basin will enhance these plays
EP437
Hedonia 1 - drilled by Gulf Oil in 1984 showed high porosity resoivoir with good oil shows.
Willara 1 - drilled 1964 untested gas accunulation
RL1
Point Torment 1 (1992, 15 km Northwest of West Kora 1) stabilised flow rate of 5,000m3/hr.
The KEY will be not to give too much away in JV's until a lot more groundwork is done - mostly by others BRU, NSE and OBL.
A few of the old wells on the KEY leases have shown significant...
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