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Information for shareholders regarding Santos’ 2020 Annual General Meeting click here

Santos Ltd, as Operator for the Patchawarra South West Block Joint Venture Parties, announces the discovery of a new gas field in the South Australian section of the Cooper/Eromanga Basins.

The exploration well, Moonanga 1, flowed gas at 263,360 cubic metres per day (9.3 million cubic feet per day) accompanied by 55.8 API condensate at 4.6 kilolitres (29 barrels) per day from reservoir sands in the Permian, Patchawarra Formation over the interval 2687m-2704m. The test was run through a 25mm (1) surface choke.

The Moonanga 1 well is located 8km southwest of the Jack Lake Gas Field and approximately 49 km west-northwest of the Moomba gas plant. The discovery well is near existing facilities and will provide an early connection opportunity.

The well will be cased and suspended as a future gas producer.

The interest holders in the Patchawarra South West Block are:

  • Santos Group 59.75%
  • Delhi Petroleum 20.21%
  • Boral Energy Resources Ltd 13.19%
  • Gulf (Aust) Resources NL 4.75%
  • Basin Oil NL 2.10%