Victoria Petroleum N.L., as Operator for the PEL 104/ PRL15 Joint Venture, has advised that the Growler-4 development well, located in the Cooper Basin in Southern Australia, commenced drilling at 10:00am CST today. The current operation is drilling ahead in 311mm (12 1/4 inch) hole.
Growler-4 is being drilled as an appraisal well on the Growler Oil field to test the 16 meter oil column discovered in the Jurassic Birkhead Formation in Growler-1. Secondary targets are the Namur and Hutton sandstones.
Growler-4 is 400 meters north of Growler-1 and interpreted to be a crestal test of the Growler Oil Field as currently mapped. Growler-4 will be drilled on 40 acre spacing between Growler-1 and Growler-2 and is planned to be drilled to a depth of 1800 meters. The second Growler well in the current program, Growler #3, is anticipated to be drilled following Growler #4 At the P50 level, the Growler structure is mapped at the P50 level as a four way dip closed feature covering approximately 900 acres located on the western margin of the Cooper Basin. The P50 oil-inplace for the Growler structure alone is estimated to be 5.7 million barrels and most likely recoverable oil is estimated to be 1.4 million barrels.
The participants in Growler-4 and PEL 104 and their respective interests through their wholly owned subsidiaries are as follows:
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