Aussie outfit Roc Oil has said “encouraging” and “potentially significant” about the finds of an appraisal well just metres from the Dunsborough find in the offshore Perth Basin, Western Australia.
A No. 2 core was brought to the surface showing oil, as the company looks for contact with water. Two 24-metre cores cut over three days all had “good oil shows” throughout a 48.6 m sampling.
”This latest well appears to point to a potentially significant gross hydrocarbon column both at the Dunsborough-2 well and for the field as a whole,” a statement said.
Shareholders were told it was “to early” to comment on reserves, but said the field could be comparable to the nearby producer Cliff Head and its 16 million barrels.