Juliet-1 well intersects high-quality gas-bearing reservoir

Key points

• Juliet-1 well reached Total Depth of 2,299 metres TVDSS
• Encountered high-quality gas-bearing Waarre C reservoir
• Preliminary data shows 49 metres of net pay in the reservoir

Full summary

Amplitude Energy Limited announced that its Juliet-1 exploration well in the Otway Basin has successfully intersected a high-quality gas-bearing reservoir. The well reached a Total Depth of 2,299 metres TVDSS, safely and without incidents. Preliminary drilling and logging data recorded elevated gas readings in the Waarre C reservoir, with a gross gas-bearing interval of at least 60 metres, including 49 metres of interpreted high-quality net pay. The well program is currently ahead of schedule and budget. Wireline logging operations will be conducted to collect pressure and sample data to inform resource volume estimates and determine initial gas composition.