Santos 2

Santos made a wet gas discovery at its Kyanite-1 near-field exploration well in the Cooper Basin in Australia. Gas shows were encountered across the Patchawarra and Tirrawarra Sandstone and Merrimelia formation from 250 to 3,795 total gas units, with stacked reservoirs identified. Santos estimates that the well contains a gross 534.3 m of pay in the Patchawarra and a gross 59.1 m in the Tirrawarra/Merrimelia formation. Kyanite has been cased and suspended as a future producer. Santos (60%) is the operator with partner Drillsearch Energy (40%).