AWE Limited has reached total depth at the Waitsia-1 appraisal well in the Perth Basin, Western Australia.
The company said the Holmwood Shale was intersected at 3,490metres and total depth was achieved 17metres into the Holmwood Shale.
Wireline logs will be run over a number of intervals, including the Dongara and Kingia Sandstones.
The announcement comes after the Waitsia-1 well was spudded last month and is forecast to take six weeks in total to complete.
The well is designed to further test the gas potential of the Waitsia Field, comprising primary targets in the deep conventional formations in the Kingia and High Cliff Sandstones.
AWE Limited said if the results are positive, the company may undertake a flow test of the Waitsia-1 well and the well could be completed as a production well for a future field development.
The Waitsia-1 appraisal well is located on agricultural land approximately 17km east of Dongara, Western Australia, and 10km from the operating Dongara gas plant.
The well is the second of a three well drilling program planned for the Perth Basin in 2015. It will be followed by the Waitsia-2 appraisal well in the second half of the 2015 calendar year.
The joint venture partners are AWE Limited with a 50% share and Origin Energy Resources Limited with a 50% share.
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