AWE Provides Update on Waitsia-1 Appraisal Drilling in Western Australia

AWE Limited, the Operator of Permits L1/L2 in the Perth Basin, Western Australia, disclosed Friday that at 06:00 hours (6.00am) AWST today the Waitsia-1 appraisal well was at a Measured Depth below Rotary Table (MDRT) of 11,046 feet (3,367 meters) and was completing coring operations before drilling ahead in a 8.5 inch hole to the planned total depth of 13,287 feet (4,050 meters).

Two sections of core were cut in the primary target, the Kingia and High Cliff Sandstones. Core #1 was cut from 10,886 feet (3,318 meters) to 10,976 feet (3,345.5 meters) MDRT and Core #2 was cut from 10,976 feet (3,345.5 meters) to 11,047 feet (3,367 meters) MDRT. Both cores will be sent for analysis. Wireline logs will be run over a number of intervals, including the Dongara and Kingia, after the well has reached total depth.

The Waitsia-1 well was spud May 14 and is forecast to take approximately six weeks in total to complete. The well will be drilled vertically to its planned total depth of 13,287 feet (4,050 meters) MDRT and is designed to further test the gas potential of the Waitsia Field, comprising primary targets in the deep conventional formations in the Kingia and High Cliff Sandstones.

If the results are positive, AWE may undertake a flow test of the Waitsia-1 well and the well may be completed as a production well for a potential future field development. The approved work program for the Waitsia-1 appraisal well does not include hydraulic fracture stimulation.

The Waitsia-1 appraisal well is located on agricultural land approximately 10.6 miles (17 kilometers) east of Dongara, Western Australia, and 6.2 miles (10 kilometers) from the operating Dongara gas plant. The well is the second of a three well drilling program planned for the Perth Basin in 2015. It will be followed by the Waitsia-2 appraisal well in the second half of the 2015 calendar year.

The Joint Venture partners in L1/L2 are:

  • AWE Limited (via subsidiaries) (Operator) - 50.0 percent
  • Origin Energy Resources Limited - 50.0 percent


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