Logging data acquired during the drilling of Origin Energy’s Speculant-1 exploration well—located 3 km offshore southern Victoria, in permit VIC/L1 of the Otway basin—indicated gas within sands in the Waarre formation. Wireline formation-pressure data confirmed the presence of a gas column of approximately 145 m within the Waarre C formation. Further evaluation of secondary targets is under way. Origin is operator of the permit and holds 100% interest.
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