July 18, 2018
Quadrant Energy can confirm the early signs of a significant oil discovery in the Caley field North of Port Hedland, as part of Quadrant’s current Dorado-1 exploration drilling campaign. Quadrant is an 80 percent equity holder in the field, along with our Joint Venture Partner Carnarvon Petroleum Ltd (20 percent).
Quadrant Energy CEO Brett Darley said “we are delighted with these early drilling results and our team is focused on completing a safe and successful exploration campaign offshore Western Australia.”
Light oil has been recovered from the reservoir containing a gross hydrocarbon package of 96.1 metres and a net pay thickness of 79.6 metres in highly porous and permeable sands.
The Joint Venture is also progressing exploration drilling at the Phoenix South-3 well in the same region.
Please refer to the Carnarvon Petroleum website for further details.