Appraisal and Development

The successful horizontal PV13 well, which was commissioned in May 2019, continues to outperform and is declining slower than first anticipated.

As a results of this success, another horizontal production well is planned to be drilled using the wellbore of the proposed Palm Valley Deep exploration well (PV12) which is part of the Amadeus exploration program planned to commence drilling in April 2022. PV12 ST1 will be drilled to target areas of high natural fracture density within the Lower Stairway, Horn Valley and Pacoota formations.