Quadrant Spuds Driftwood-1 Well in Permit WA-320-P in Carnarvon Basin

Tap Oil Ltd. reported Tuesday that operator Quadrant Energy has commenced drilling Monday the Driftwood-1 exploration well in the WA-320-P permit in the Barrow sub-basin of the Northern Carnarvon Basin, offshore Western Australia using the Noble Tom Prosser (400' ILC)

Quadrant Energy drilled the Driftwood-1 well in 325 feet (99 meters) of water, with the prospect to be drilled to approximately 6,827 feet (2,081 meters) measured depth. The well is expected to take 19 days on a trouble free dry hole basis. The well objective is to test the Early Cretaceous sandstones of the Mardie Greensand Member, Birdrong Member and Zeepaard Formation in a low-relief, northeast-southwest trending four-way dip closure.

Going forward, Quadrant Energy plan to drill the Driftwood-1 well to 6,440 feet (193 meters) measured depth and set and cement the 36 inch conductor.



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