Santos completes Quokka-1 appraisal, advances Alaska Nanushuk plans [Yahoo! Finance]
REPSOL SA SP/ADR (REPYY)
NASDAQ:AMEX Investor Relations:
repsol.energy/en/shareholders-and-investors/index.cshtml
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Source: Yahoo! Finance
The Australian oil and gas company holds a 51% operating interest in the Quokka Unit, with Repsol having the remaining 49%. Drilling of the Quokka-1 well commenced on 1 January 2026 and reached a depth of 1,459m (4,787ft). The well encountered a reservoir with around 143ft of net oil pay in the Nanushuk formation, demonstrating an average porosity of 19%. After a single stage fracture stimulation, the well achieved a flow rate of 2,190 barrels of oil per day (bopd). The Quokka-1 well is situated approximately 10km from the 2020 discovery at the Mitquq-1 well. Analysis shows the presence of high-quality, light-gravity oil, reinforcing the potential for a two-drill-site development with production levels comparable to Pikka phase one. Development planning has commenced with key permitting activities under way. Santos is currently evaluating the resource potential for this development. In fiscal year 2025 (FY25), the company disclosed 2C contingent resources of 177 milli
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