Drillsearch Energy announced it cased and suspended the first well drilled in the company’s joint venture with Santos as a future wet gas producer.

Varanus South-1 drilled to a total depth of 3154 metres as a near-field exploration well, located on the Western Cooper wet gas fairway of the Cooper basin, South Australia.

Wireline logs confirmed an aggregate best estimate of 18 metres of net gas pay over a gross interval of 365 metres in the Patchawarra formation.

The company said an additional nine metres of net hydrocarbon pay over a gross interval of 37 metres in the Tirrawarra formation was confirmed and is considered a secondary target.

Following the casing and suspension of Varanus South-1, the rig will move to drill the Yarowinnie South-1 well, located seven kilometres southwest of Varanus South-1.

Drillsearch managing director Brad Lingo said “This discovery represents an excellent start to our drilling campaign with Santos and highlights once again the prospectively of this area for wet gas.”