Magellan Petroleum Spuds Burundi 1 in PL 33



Magellan Petroleum says that the Burundi 1 near field exploration well spudded in PL 33 in the Cooper Basin of southwest Queensland on October 4th. Burundi 1 is the first of a two well drilling program planned for the Nockatunga area in October. The Maxwell 5 appraisal well in PL 50 will follow.

Burundi 1 is located approximately 7.5 kilometres south of the Nockatunga oil facility and 9.5 kilometres southwest of the Thungo oil field. The Burundi prospect is a 4-way dip closed structure located on the western end of the Karwin Complex, immediately updip of the Karwin Trough.

The primary oil reservoir objectives in Burundi 1 are the Murta Formation and the Birkhead Formation. The Burundi 1 well, which is being operated by Santos, is programmed to have a total depth of approximately 1436 metres RT.

Burundi 1 Details:

Petroleum Title:		PL 33, Queensland
Location: 			approximately 7.5 km S of the Nockatunga oil
facility and 9.5 km southwest of the Thungo oil
field
Coordinates:			Latitude: 27° 46' 49.24" South
Longitude:			142° 30' 28.62" East (GDA 94)
Drilling Rig:		PDI 721
Proposed Total Depth:	1436 metres RT
Objectives:			Primary oil – the Murta Formation and the Birkhead Formation
Operations:			Burundi 1 spudded on 4 October
Participants in Burundi 1 are:
Magellan Petroleum Corporation          38.994%
Santos Limited (ASX:STO)(Operator)      61.006%