Shell JV Drilling Ahead at Libra-1 in Australia's Browse Basin

Browse Basin
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Nexus advised that on November 11, the Libra-1 exploration well in exploration permit AC/P41 in the Browse Basin, offshore Western Australia, had reached 1,131 meters total vertical depth sub-sea (TVDSS) in a 17 1/2 inch hole.

The Ocean Epoch semisubmersible rig is drilling the exploration well which is operated by Shell Development (Australia) Pty Ltd on behalf of the joint venture.

The Libra-1 well is expected to intersect the target reservoir in late November, and is testing near field exploration potential around the greater Crux area.

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