Beach Energy confirmed its exploration well in the Namur Sandstone at Martlet-1 yielded a commercial oil discovery.
The find in the Northern Cooper Basin vindicates its recent acquisition of Impress Energy, according to the firm.
Reg Nelson, Beach managing director, said “The discovery further vindicates Beach’s acquisition of Impress Energy. The presence of oil within the Namur Sandstone confirms the extension to the north of the play that has delivered prolific fields such as Bauer, Callawonga and others further south, and provides an additional primary target to the proven Birkhead oil play in the area.”
The success at Martlet-1 is the first Numar Sandstone oil discovery in the PEL 104/111 joint venture area. It comes as Beach shifts its focus to the Eastern Flank of the basin with the hope of identifying future drilling prospects.