Cuttings from Linc Energy’s Pata 1 exploration well—located in Alaska’s Arckaringa basin—showed evidence of oil in the Stuart Range formation, starting below 1039 m. Fluorescence was found in a siliceous siltstone with minor fine-grained sandstone and increased with depth from approximately 10% at the top of the unit to 90% at the base of unit. The cuttings were sent to a laboratory in Brisbane, Australia—where the company is based—for more testing. Linc is operator and holds 100% interest in PEL 121.
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