Origin Energy Spuds Speculant-1 Exploration Well in Victoria

Origin Energy Ltd. announced Tuesday the commencement of drilling at Speculant-1 exploration well in retention lease VIC/RL2, Victoria, Australia.

Progress and Status

Origin Energy is pleased to announce that the Speculant-1 exploration well was spud at 04.00 hours EST Sept. 23. The well is being drilled using the rig Ensign 931.

Origin will only advise the market again when well operations have been completed with a summary of results, or of any event that is material.

Well Type and Location

The Speculant-1 well is situated approximately 1.8 miles (3 kilometers) off the Great Ocean Road in Nirranda South, about 18.6 miles (30 kilometers) south east of Warrnambool, Victoria. Extended reach drilling technology is being employed to access offshore gas reservoirs. Prognosed total measured depth of the well is approximately 12,467 feet (3,800 meters).

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