The Australian company revealed that, as of Monday, the Praslin-1 well was at a depth of 2286 metres in the interpreted May River equivalent formation.
It said hydrocarbon indications had been recorded over the potentially porous reservoir zones in the section where it says it has encountered about 50 metres of dolomites and limestones.
It added that the significance of the hydrocarbon indications would be evaluated with wireline logs once the well reached total depth, with testing also planned if the results of the logs are positive.
Praslin-1
