Acer said a recent re-evaluation of Flax field well data had identified multiple target zones within the Patchawarra formation across several of the existing wells, above current producing reservoirs.
A test of a 9-metre mid-Patchawarra pay interval within the Flax-1 well successfully hit the lower 4.5 metres, with initial results confirming a sustained contribution from an un-stimulated additional reservoir.
In an announcement to the Australian Securities Exchange, Acer said the reservoir had not been included in an existing independent resource estimate of 15 million barrels of oil equivalent for the field.
With
