Mineral Resources has advised that the initial interpretation of logging while drilling the Lockyer Deep-1 well and mud log data has identified a significant gas bearing reservoir in the primary objective Kingia Sandstone.
Lockyer Deep-1 is located within exploration permit EP368 and is a joint venture between Norwest (20 per cent) and Mineral Resource’s subsidiary Energy Resources (ERL) (80 per cent, operator).
The top of the Kingia Sandstone was intersected at 4041 metres and was marked by a significant drilling break and elevated gas readings.
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