ARC's Perth Basin Frankland 2 Appraisal Well Drilled to TD

ARC advises that the Premium "WilCraft" jack-up drilling rig had drilled the Frankland 2 appraisal well to a depth of 2,247 mBRT.

Frankland 2, an appraisal well approximately one kilometre northeast of the 2007 gas discovery, Frankland 1, is the second well exploration/appraisal programme in the region. Frankland 2 is scheduled to reach the proposed Total Depth of approximately 2,278 metres by the end of February 2008.

Following the drilling of Frankland 2, ROC and the Joint Venture plan to drill a Dunsborough 2 appraisal well which is targeted to appraise the Dunsborough oil discovery made in 2007.

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