On 15 December, Senex commenced its 12 well unconventional gas exploration program with the spudding of the Paning-2 well in northern Cooper Basin permit PEL 90 (100% Senex). Weatherford Rig 826 has currently reached a depth of 751 metres and is running 13 3/8' casing. The targeted total depth of the well is 3,175 metres.

Paning-2 is located 1.2 kilometres southwest of Paning-1, which was drilled in 1980 by Delhi Petroleum as a conventional gas exploration well. The Paning-2 well is the first unconventional gas exploration well to be drilled in the region and is designed to provide valuable information about the potential for gas production from the tight sands and deep coal seams of this new region.

Tags: Senex Energy Limited