Echelon Resources Commences PALM VALLEY 15 Appraisal Well
Key points
- PV-15 well spudded on 18 October 2026
- Expected to reach 3,114m depth in 51 days
- Targeting south flank of Palm Valley gas field
Full summary
Echelon Resources (ASX: ECH) has begun drilling the PALM VALLEY 15 (PV-15) appraisal well, the second and final well in their planned two-well appraisal program (PV-14 & PV-15). The PV-15 well, spudded on 18 October 2026, is expected to reach a total depth of 3,114 meters below the rotary table in approximately 51 days. This deviated well, drilled at an angle of 78 degrees, targets the south flank of the Palm Valley gas field through the Pacoota Formation reservoir. The successful completion of PV-14 and PV-15 is anticipated to return field production to the processing facility's capacity of approximately 14 TJ/d, producing at least 10 PJ of gas.
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