Senex Energy Limited announces Kingston Rule-1 unconventional gas exploration well delivers 53 metres of net gas pay

Thursday, Nov 29, 2012

Senex Energy Limited (Senex) is pleased to report, on behalf of the PEL 115 joint venture, that the Kingston Rule-1 unconventional gas exploration well has delivered 53 metres of net gas pay from the tight gas sands of the southern Cooper Basin as well as 170 metres of shale and coal.

In the southern Cooper Basin, Senex completed drilling its fourth operated unconventional gas exploration well, Kingston Rule-1, in PEL 115 (Senex 80% and Operator, Orca Energy Limited (ASX: OGY) 20%). Kingston Rule-1 is located approximately 15 kilometres south east of Senex’s successful unconventional gas exploration well Skipton-1 and approximately six kilometres north west of Senex’s promising Talaq-1 unconventional gas exploration well (both in PEL 516, Senex 100%).

Weatherford Rig 826 reached total depth of 2,872 metres on 21 November 2012 is being cased and suspended ahead of fracture stimulation and production testing in early 2013.

Wireline logs indicate the well intersected nine metres of net gas pay in the Epsilon Formation and 44 metres of net gas pay in the Patchawarra Formation. In addition, the well intersected 84 metres of shale in the Roseneath Formation, 66 metres of shale in the Murteree Formation and nearly 20 metres of gas charged coal in the Patchawarra Formation.

Source: Senex Energy Limited

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