The
well
is
targeting
a
potential
250,000
barrels
of
recoverable
oil
from
the
Murta,
McKinlay
and
Basal
Birkhead/Hutton
formations.
Permit
partner
Ambassador
Oil
&
Gas
added
the
Shocking
structure
was
mapped
as
having
an
upside
recoverable
oil
potential
of
more
than
500,000
barrels.
If
successful,
Shocking-1
could
be
quickly
commercialised
due
to
its
close
proximity
to
the
Senex-operated
Vintage
oilfield,
which
lies
about
1.8
kilometres
south
of
Shocking-1
and
is
producing
to
a
stand-alone
modular
production
facility.
The
well
is
expected
to
take
about
14
days
to
reach
a
planned
total
depth
of
1700…
