Origin Energy Spuds Apium-1 Well

Origin Energy reports that drilling has commenced on the Apium 1 gas well located in the onshore Perth Basin Production License L1 in Australia.

The well is located approximately 3 kilometers east of the Hovea Production Facility and 2 kilometers west of the recent Xyris 1 gas discovery. The prognosed top of the primary objective, Dongara Sandstone, is approximately 2,720 meters measured depth. The proposed total depth of the well is 2,850 meters measured depth and it is expected to take 22 days to drill on a dry hole basis. It is intended to core the upper part of the Dongara Sandstone reservoir to obtain porosity and permeability information.

Participants in L1 and L2 (excluding the Dongara, Mondarra and Yardarino fields) and Apium 1 are Arc Energy Limited (Operator) 50% and Origin Energy 50%.