- Wilson River-1 well reaches TD with approximately 6m potential gross oil zone interpreted on preliminary logs
Empyrean Energy, the oil and gas development company with interests in Australia, Indonesia and the United States, has provided an update on the Wilson River-1 well.
The Wilson River-1 well has reached total depth ("TD") of 1464m. Following reaching TD, open hole quad combo logs were acquired to measure multiple formation properties and reservoir characteristics. Based on preliminary log analysis and hydrocarbon shows, including approximately 6m of potential gross oil zone in one of the main target reservoirs, 7-inch production casing has been run into hole and cemented to a depth of 1459.6m. The well has been cased and suspended whilst expert petrophysical analysis is completed and the results are compared with existing producing wells nearby to better define a testing and completion regime.
The rig is on standby on location at no cost whilst the testing program is decided upon. The petrophysical analysis is expected to be concluded within one week and a further announcement will be made regarding this further analysis and the agreed testing program in due course.
Empyrean CEO, Tom Kelly, stated:
'Empyrean is pleased that the Wilson River-1 well has reached TD safely and we have a number of zones of interest upon which to carry out further analysis before testing. The main zone of interest appears to share a number of similarities on the preliminary log analysis to an existing producing well nearby. We look forward to completing the necessary work to define our testing program and would like to thank the team at Condor Energy Services for completing the drilling and logging of the Wilson River-1 well safely and on time. We look forward to providing shareholders with an update on further analysis and the testing program shortly'.
Background
The Wilson River prospect is situated close to existing infrastructure in the prolific Cooper Basin in South West Queensland, Australia, and adjacent to several producing oil fields operated by Santos-Beach (Cooper Basin JV) and Bridgeport Energy. The Wilson River prospect lies within lease ATP 1173 and is being prepared for near-term drilling once final surveys are complete and permits granted. Material progress has been made since November 2024 to progress the pre-drill preparaons including finalisation of well design, testing and completion protocols, long lead item procurement, rig service guarantee payment, land access agreement and commencement of required surveys. The Wilson River prospect has multiple stacked reservoir targets, lies within a NW to SE oil migraon pathway and shares similar structural orientation and features to fields immediately NW of the prospect.
See announcement: Acquisition of option to participate in Wilson River conventional oil prospect, Australia (Jan 23 2025), for further info.
Source: Empyrean Energy
