ORG FY Results
Canning Basin (Western Australia)
Origin entered into agreements in December 2020 with Buru Energy to farm in to a 50 per cent equity share in five permits, and a 40 per cent equity share in two permits. The Currajong 1 well was drilled to a total measured depth of 2,340 metres in August 2021 however no oil was recovered from the test zones, and the well was written off in HY2022. The Rafael 1 well was drilled to a total depth of 4,141 metres in November 2021, and a production test was conducted in March 2022 with gas successfully flowed to the surface. Initial analysis of the data collected during the test indicates encouraging gas composition with high condensate and low CO2 content. Further appraisal of Rafael will be required to understand materiality and commerciality.
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