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Senex confirms new oil field discovery at Spitfire on the western flank of the Cooper Basin

Wednesday, Nov 28, 2012

Senex Energy Limited (Senex) is pleased to advise that successful exploration on the western flank of the Cooper Basin has confirmed the presence of an oil field at Spitfire.

The Spitfire-2 deviated oil exploration well targeted the mid-Birkhead Formation. It is located 530 metres north west of the Spitfire-1 oil exploration well in PEL 104 and approximately two kilometres west of the Growler oil field in PRL 15 (Senex 60% and Operator; Beach Energy Limited 40% in both permits). It was designed as a follow-up well to the Spitfire-1 exploration well, which delivered good oil shows but was plugged and abandoned as uncommercial in February 2012.

Ensign Rig 48 commenced drilling on 17 November 2012 and reached total depth of 1,900 metres on 23 November 2012. Wireline logs confirmed the presence of a gross oil column of nearly seven metres (vertical thickness) in the Birkhead Formation over the interval 1,713.9 metres to 1,720.7 metres (vertical depth) with interpreted net oil pay of 6.5 metres (vertical thickness).

Source: Senex Energy Limited

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