Karoon Gas Australia Ltd's Kangaroo-2 appraisal well, located in exploration Block S-M-1165, Santos Basin off-shore Brazil, confirmed a 250 metre gross (135 metre net) oil column in Paleocene and Maastrichtian aged reservoirs, as announced on 26 November 2014.

The successful multi formation production testing program conducted in the Kangaroo-2 vertical well, results announced in Progress Report No 6 and Progress Report No 7, was followed by a down-dip and up-dip side-track program.

Karoon is the operator and has a 65% interest in the jointly held Block S-M-1165, Santos Basin, Brazil. Pacific Rubiales Energy Corp holds the remaining 35% interest.

Up-Dip Side-track Drilling Results

The up-dip side-track penetrated oil bearing sands in the Paleocene reservoir section, where 5 reservoir fluid samples were recovered by wireline from a 37 metre gross oil column with a net to gross of 60% and an average porosity of 27%. One sample was opened on surface and contained 2.9 litres of 39 degree API oil. The remaining samples will be analysed in onshore laboratories. Pressuredata indicates that the Paleocene oil bearing reservoir is in a separate pressure compartment from those seen in Kangaroo-2.

Tags: Karoon Gas Australia Ltd