Bengal Energy Ltd. announced that Cuisinier 9, the fifth well in the 2013 Cuisinier appraisal drilling campaign on the Barta sub-block portion of Authority to Prospect (ATP) 752P in the Cooper-Eromanga Basin, in Queensland, Australia, has been cased as a future oil producer.
The Cretaceous Murta member was the primary target, and Bengal's preliminary petrophysical analysis shows 21 feet (6.5 meters) of net sandstone and approximately 14 feet (4.3 meters) of net pay in the Murta DC70 sand. Cuisinier 9 is positioned on the southeastern part of the Cuisinier structure, further delineating the pool area while validating 3D seismic interpretation. The Cuisinier 9 well is situated approximately 1.18 miles (1.9 kilometers) southeast from the Cuisinier 1 discovery well. Cuisinier 9 is the 13th successful well of 13 drilled in the Cuisinier drilling campaign to date, maintaining Bengal's 100-percent success rate.
The program carries a contingent well targeting the Murta member reservoir which is based on success of the five well drilling campaign undertaken in 2013. The decision to drill this contingent well is being considered by the Barta JV. In the interim, the operator will utilize the rig for another campaign on an adjoining tenement upon completion of Cuisinier 9. Should the decision be made to proceed, the drilling rig could return to spud the contingent Cuisinier well in approximately 8 weeks.
It is anticipated that the operator will commence down-hole completion activities in July, 2013, and Bengal intends to provide updates periodically or as material developments arise.
Bengal holds a 25-percent working interest in the Barta sub-block of ATP 752P.
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