Wardie-1 Hits Final Depth

3D Oil reports that the Wardie-1 exploration well has reached a final measured depth of 1,766 meters in 12-1/4" hole.

Based on limited data available from drilling the top of the "Coarse Clastics" in the Latrobe Group was intersected at 1570 meters measured depth (1392 meters subsea) approximately 14 meters deep to prognosis.

Hydrocarbon shows were encountered over approximately the top 25 meters however the section is interbedded, with very limited reservoir quality. This interval is interpreted to be stratigraphically higher than the N1 oil reservoir in West Seahorse-1 and 3. There were no other significant shows through the Latrobe Group.

Over the next few days 3D Oil anticipates that the West Triton jackup will run wireline logs and conduct a sampling program to ascertain the presence and extent of any moveable hydrocarbons. The interpretation of this data will help define the forward program for the well.

3D Oil Limited is the operator and 100% owner of the Vic/P57 permit.

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