Tap Oil Spuds Jane- 2 Exploration Well
|Tuesday, August 23, 2005
Tap Oil Limited advises that the Jane-2 exploration well spudded on 22 August 2005.
The Jane-2 well is located in TL/6, and is being drilled at a surface location of latitude 20Â°40' 07.64" S and longitude 115Â°30' 51.53" E.
As at 06:00 hours this morning, the well has drilled ahead to 64 metres measured depth and will continue to drill ahead to a total depth of 2,545 metres measured depth.
The Jane-1well which was drilled as a long-reach deviated well from the Agincourt Platform in March 2005 failed to reach its objective due to drilling problems. The Jane-2 exploration well is simpler in design and will be drilled as short-reach deviated well from a location approximately 1.5 kilometres southwest of the Jane prospect. The well is expected to take 7 days to reach total depth.
A discovery at Jane-2 will require the drilling of a development well most likely from the Agincourt Platform some 3.4 kilometres to the South.
TL/6 Joint Venture Participants:
|Tap Oil Limited||12.2229%|
|Apache Northwest Pty Ltd (Operator)||68.5%|
|Kufpec Australia Pty Ltd||19.2771%|