Xena had estimated pre-drill reserves of about 500 billion cubic feet of gas and the well has come in at the "upper ranges of that figure", a source said.
Xena is located six kilometres east of the Pluto-2 appraisal well and the operator believes it to be a separate structure.
"Wireline logs are currently being run on what is interpreted to be a new gas field discovery," Woodside said.
The
