Totem-1 Spudded in the Carnarvon Basin

Totem & Fletcher Prospects
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Tap Oil reports that the Totem-1 well spud on July 26, 2007. The well is located in exploration permit WA-191-P, approximately 4 kilometers northeast of the Amulet oil discovery. Totem-1 should reached its programmed total depth of approximately 2,000 meters in about eight days.

The Totem-1 well is targeting oil in a closure at the Calypso/Legendre Formation similar in style to the nearby Amulet oil field discovered late last year.

Partners in Totem-1 are Santos as operator with 33.4%; Tap (Shelfal) Pty Ltd. With 23.2%; Kufpec with 33.4% and Nippon Oil Exploration (Dampier) Pty Ltd. with the remaining 10%.

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