Origin Energy Spuds Xyris 1 Exploration Well

Origin Energy Resources Limited reports that the gas exploration well Xyris 1 operated by ARC Energy and located in the onshore Perth Basin Production License L1 has spudded. The well will be drilled using the Century 11 drilling rig.

The well is located 6.5 kilometers east of the Hovea Production Facility. The prognosed top of the primary objective Dongara Sandstone is approximately 2,700 meters measured depth. The proposed total depth of the well is 2,750 meters measured depth and it is expected to take 18 days to drill on a dry hole basis. The well will be drilled vertically to test the Dongara Sandstone in a similar structural setting and 1.2 kilometers northwest of the Mondarra Gasfield.

Participants in L1 and L2 (excluding the Dongara, Mondarra and Yardarino fields) and Xyris 1 are Origin Energy Developments Pty Limited with 50.00% and ARC Energy NL as Operator with 50.00%.

At the completion of Xyris 1, the Century 11 rig is expected to drill the Jingemia 4 oil development / appraisal well in the EP 413 (Jingemia) Permit.