Linc Energy to Drill Three Wells in Arckaringa Basin in South Australia

Linc Energy on Thursday announce its plans to drill three wells in the Arckaringa Basin in South Australia as part of the next phase of exploration and development of this asset.

As part of this strategy, Linc Energy has engaged with Baker Hughes as shale experts and advisors on this program. Baker Hughes has completed a comprehensive study and produced a detailed model on the basin, the company said.

“This drilling program is likely to be focused on the Boorthanna Trough which formed the basis for the majority of the prospective resources separately identified by Gustavson Associates and DeGolyer and MacNaughton as previously announced. To date no previous drilling has intersected the formations at depth and the results of these wells will be critical to understanding the basin in detail,” Linc said.

The company has also planned to to follow up this initial three well program with a further three wells to commence late this year.

“It is envisaged that based on the success of these six wells Linc Energy will enter an aggressive and focused drilling campaign to start to unlock the potential of this 103 Billion barrel basin,” the company said.

Linc Energy holds over 65,000 km2 (16 million contiguous acres) within the Arckaringa Basin across seven Petroleum Exploration Licences (PELs) and one Application (PELA).