AWE Commences Drilling at Hovea-13 in Perth Basin

Australian Worldwide Exploration Limited ("AWE") on behalf of the Hovea joint venture, reports that the north Perth Basin drilling program has commenced. Hovea-13 started drilling at 1630 hours on April 20, 2009 and at 0600 hours today (Western Standard Time) was conducting drilling operations at a measured depth of 107 meters.

Hovea-13 is an oil development well on the Hovea oil field, which is located in L1, approximately 16 kilometers east south east of Dongara.

Hovea-13 will target the Dongara Sandstone in a seismically mapped near crestal location within the central portion of the Hovea oil field. Hovea-13 has a planned total measured depth of approximately 2,200 meters.

This well is the first of a planned 4-well drilling campaign to be undertaken by AWE and Joint Venturers in the region.

Joint Venturers in the Hovea oil field are:

  • AWE (Operator) 50%
  • Origin Energy Resources Limited 50%

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