OMV Drills Duster with Maier-1 Well

The Maier-1 exploration well, located in WA-290-P, was drilled to its total depth as planned. No significant hydrocarbons were intersected and the well is currently being plugged and abandoned.

The Maier-1 exploration well was targeting an interpreted four-way dip closure in the Barrow Group and Zeepard formation levels. It was the first of two wells in the WA-290-P exploration permit. Although good reservoirs were intersected within the target formations, the lack of shows indicates that it is likely no structural closure is present at this location.

Immediately following Maier-1, the next well will be Lauda-1 located 8 kms to the west also in WA-290-P. Lauda-1 is targeting the same formations as Maier-1 but is interpreted to have a closure against a regional fault.

WA-290-P Joint Venture Participants are OMV as operator with 50%; Tap with 25% and Nippon Oil with the remaining 25%.

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