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Empire Gets Approval to Drill Dunnart-2 Well in EP 437 in Perth Basin

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Empire Oil & Gas NL (Empire) as Operator of Exploration Permit EP437 announced that the Western Australian Department of Mines and Petroleum (DMP) has granted Approval to Drill the Dunnart-2 exploration well, which is located onshore in north Perth Basin, Western Australia.

The Operator will drill Dunnart-2 once it has negotiated and finalized the following:

  • executed a Land Access Agreement reflecting the agreed terms with the landowner
  • obtained any Approvals as required with the local shire for the installation of the drilling camp
  • awarding of the services contracts required to carry out the drilling program; and
  • executed the agreed terms of the Drilling Contract

In this regard Drilling Contractors of Australia (DCA) has allocated their DCA Rig 7 to Empire to drill Dunnart-2.

Empire is actively pursuing these matters and when completed will provide the time frame for commencement of drilling operations.

The Dunnart-2 oil prospect play style consists of a fault dependent closure located updip from the Dunnart-1 well, which had oil shows. The well has a total depth of 2,198.1 feet (670 meters). The primary reservoir objective is the Bookara Sandstone sealed by the Triassic aged Kockatea Shale.

There is provision in the Dunnart-2 drilling program to conduct an open hole drill stem test upon recording live oil shows while drilling.

Joint Venture participants in EP437:

  • Empire Oil & Gas NL (Empire Oil Company (WA) Limited) Operator: 35 percent
  • Key Petroleum Limited (Key Petroleum [Australia] Pty Ltd): 50 percent
  • Caracal Exploration Pty Limited: 15 percent

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