Quadrant Spuds Outtrim East-1 Well in Permit WA-155-P(1) in Australia's NWS

Carnarvon Petroleum Ltd. disclosed Monday that the operator of the Outtrim East-1 well, Quadrant Energy, has commenced drilling the well, located in WA-155-P(1) exploration permit in the North West Shelf of Australia June 18.

Quadrant will explore for additional hydrocarbon bearing sands to the North and East of the hydrocarbon reservoir seen at the Outtrim-1 oil discovery in the Outtrim East-1 drilling.

The operator will drill the well to approximately 4,265 feet (1,300 meters) measured depth (MD), just above the Pyrenees Formation, which was oil-bearing in the Outtrim-1 well situated approximately 0.6 mile (1 kilometers) away. It planned to obtain around 295 feet (90 meters) of conventional core before drilling the final section of the well to a total depth (TD) of 4,724 feet (1,440 meters).

"The Company expects to be in a position to report on whether the target formations are hydrocarbon-bearing, and the extent of any reservoir sands intersected, after completion of the wireline logging and pressure and fluid sampling program," AWE said in the press release, adding that the process will take several months after completion of the well.

Partners in the WA-155-P(1) exploration permit are Quadrant Energy with a 71.5 percent interest, while Carnarvon holds the remaining 28.5 percent.



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