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ODNL Penola No 1 Well was drilled by Oil Development N.L. to a depth of 4985 feet between February and May 1961. The well log describes a sequence of Oligocene to probable Upper Jurassic marine and non-marine rocks, including Gambier Limestone and Compton Conglomerate, encountered while testing the Coonawarra subsurface structure. Minor gas showings were found, but no commercially significant hydrocarbons were observed.
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