Empire Updates on RGN-1 Well Completion & Test Program in Perth Basin

Australia's junior exploration and production company Empire Oil & Gas NL provided Wednesday the following update for the Red Gully North-1 (RGN-1) completion and test program in EP 389 in Perth Basin, Western Australia.

Progress

All equipment has been rigged-up and tested on site. Completion operations have progressed efficiently and are ahead of plan. The 7 inch casing was scrapped and circulated to clean fluid and then the cement integrity bond log was run on electric line. The tubing conveyed perforating guns were run and the C sand and upper and lower D sands were perforated for flow at a later stage in the operation. It is anticipated that completion operations will continue for the forthcoming week and operations include a further 7 inch casing clean-up run prior to running the zonal isolation completion.

Production testing will follow immediately after the well completion and is expected to take a further 9 days.

Participants

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Location/Proposed Depth

Following successful drilling operations RGN-1 was suspended on Dec. 29, 2015. RGN-1 is located in EP 389, approximately 2.5 miles (4 kilometers) to the north of the Company's Red Gully Processing Facility. The well's proximity to the Red Gully Processing facility will allow for a faster tie-back and commercialization of the well after a successful completion and test program.

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