After signing a rig contract, drilling of the Booth-1 well in the Perth Basin is scheduled for late June or July 2024.
The Booth prospect, located in the east of L7, is planned to be the first well in the upcoming Joint Venture’s (JV) drilling campaign, targeting gas at the Kingia-High Cliff reservoirs with potential for oil or gas in the overlying Dongara and Jurassic sandstones.
The JV is composed of Triangle Energy, Strike Energy and New Zealand Oil and Gas.
The previously identified Becos oil prospect in EP 437 is intended to be the second well in the program, targeting the Bookara sandstone.
Triangle expects to drill Becos in the September quarter 2024, subject to exploration, development and production approval and final JV approval.
Becos has a Prospective Resource range of 1 million barrels (MMbbl ) to 21MMbbl with a mid-case of 5MMbbl oil. The first two wells are expected to be drilled utilising separate rigs.
The Booth prospect, with a total depth of 2,900m, requires a medium to large rig such as the Ventia 106 and the Becos prospect, with a prognosed depth of just over 1,000m, is more suited to a smaller, more mobile rig.
Several other attractive gas prospects located in the L7 permit are also potential targets for the third well.
Notable is Huntswell Deep, which is a previously unmapped structure that has been identified on the 3D seismic, also MH-2 Updip and Mountain Bridge South, located in the southern portion of L7.
In addition to the previously identified gas prospects, the new oil prospects significantly add to a broad portfolio of exploration potential within the Triangle permits.
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