Empire Oil and Gas said it has spudded the Red Gully North-1 well at its onshore Perth Basin.
The well is located four kilometres to the north of the company’s Red Gully processing facility.
Its close proximity to the facility will allow for a fast tie-back and commercialisation of the well if it is successful, Empire said.
The well will be drilled by the Enerdrill Rig 3 and is expected to take around 44 days to reach a final proposed total depth of 4377metres.
Chief executive Ken Aitken said: “Empire is focusing on growing its reserves and resources to build on the company’s existing 1P reserves of 12.29PJ and 17.8PJ.
“The Red Gully North prospect is seen as a low risk opportunity to add reserves and resources in the case of a significant discovery.
“It would also provide a low coast tie-in to the Red Gully processing facility to generate additional gas sales and revenue for Empire.
“Commercial success at Red Gully North-1 will further assist in reducing risks associated with other exploration leads in the north of EP 389, which have been identified by the Black Swan
Airborne Geophysical Survey undertaken by Empire in mid-2015.”
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