Ensign De-Mobilizes Rig from Cooper Basin

Rodinia Oil announced that Ensign Australia has begun de-mobilizing its heavy triple Rig #16 from the Cooper Basin, South Australia. Ensign International is mobilizing the rig to the Officer Basin in South Australia for Rodinia.

Drilling Program Update

Ensign International's Rig #16 has begun mobilizing for the approximately 2,000 kilometer journey to the Officer Basin to commence drilling of Mulyawara 1, the first well in Rodinia's exploratory drilling program. Mulyawara 1 is expected to spud in mid-May and drilling is expected to take approximately six weeks.

Mulyawara 1 is located in the northwest corner of PEL 253 (South Australia) and will test a structure of approximately 36.3 square kilometers (per horizon) in size identified on seven seismic lines. This well will target five potential reservoirs, the deepest of which is the aeolian Pindyin sandstone (also called the sub-salt unit). Rodinia has an 80% working interest in this well and prospect and is the operator.

Rodinia's contract with Ensign International includes four firm wells with the option for up to four additional wells in the Officer Basin.