PEL 107 – South Australian Cooper Basin
Drillsearch 60%
Project Summary
PEL 107 is located in the South Australian Cooper Basin and covers the southern tip of the Patchawarra Trough, the Lake Hope high and the southwestern edge of the Gidgealpa-Merrimelia-Innamincka (GMI) trend.
PEL 107 was originally granted in 2003 and is now in the second term, which expires in the year 2013. The renewed area of PEL 107 is 407 sq km. PEL 107 is adjacent to Tantanna, Taloola, Sturt, Malgoona, Spencer and Muteroo oilfields.
Exploration in PEL 107 has discovered one oil well, Kiana-1. Another nine wells, drilled in the permits, had oil shows but were plugged and abandoned as non commercial discoveries.
| Well | Spud Date | Rig Released | Result | Status | Total Depth(m) |
|---|
| Goolwa 1 | 9/04/2004 | 2/05/2004 | Oil and Gas Shows | Plugged and Abandoned | 2,684 |
| Kiana 1 | 21/08/2005 | 18/09/2005 | Oil Producer | Completed as Producer | 2,017 |
| Tyringa 1 | 23/09/2005 | 4/10/2005 | Oil Shows | Plugged and Abandoned | 1,972 |
| Kiana 2 | 1/10/2006 | 18/10/2006 | Oil Shows | Plugged and Abandoned | 1,992 |
| Keeley 1 | 22/10/2006 | 18/11/2006 | Oil Shows | Plugged and Abandoned | 3,059 |
| Talia 1 | 20/11/2006 | 1/12/2006 | Oil Shows | Plugged and Abandoned | 1,854 |
| Cabbots 1 | 5/12/2006 | 19/12/2006 | Minor Shows | Plugged and Abandoned | 2,421 |
| Appadare 1 | 12/01/2007 | 31/01/2007 | Minor Shows | Plugged and Abandoned | 1,922 |
A number of different exploration plays were tested during the drilling phase and the exploration focus has produced resourceful information. One of the lessons learned was the need for 3D seismic data to adequately map the structures that are being targeted. Accordingly, the Joint Venture acquired the 165 sq km SKM 3D Seismic Survey in 2007 to better define exploration targets and to delineate the bounds of the only discovery, the Kiana Oilfield.
Recent Activity
Learning from the success at Kiana, the Joint Venture is now actively exploring for other accumulations stratigraphically trapped oil within the Permian reservoirs around the flanks of the Spencer-Muteroo high within the SKM 3D area.
In 2010 Drillsearch has purchased Magellan Petroleum shares and now has 60% interest in PEL 107.