Well partner Karoon Gas Australia said Wednesday the semi-submersible Ocean America was currently mobilising to the well location, with drilling expected to start in the first week of July.

Quadrant is targeting a best estimate unrisked prospective resource of 220 million barrels at Levitt-1 and the well is designed to test the presence of a working petroleum system generating from the oil mature early Jurassic Wigmore sub-basin source kitchen.

The