Cyclone Activity Delays Drilling at La Rocca

Oilex, a partner on the WA-388-P permit, announced that the operator, Apache Northwest, has proposed to the joint venture to start drilling the first exploratory well in the permit in April 2011.

The well will target the La Rocca prospect in the Intra Mungaroo channel zone. Drilling was scheduled to commence in mid-February, however, due to cyclone activity, operations were ceased in the northwest shelf area during the first quarter of 2011. The Stena Clyde semisub was contracted to drill the well.

The WA-388-P permit is located north of the Pluto, Wheatstone, Gorgon and Northwest Shelf project fields, offshore Western Australia. The WA-388-P permit contains a portfolio of play types and seven prospects have been identified ranging in potential size from 0.3 to 2.8 Tcf of prospective gas resource.

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