Muggles-1 Well to Spud in Late June

Victoria Petroleum reports that Apache, operator of WA-254-P, has said that the Muggles-1 Well will commence drilling around June 23 after completion of the current well, Monet 2 in TL-1 offshore Australia.

The Muggles Prospect is an M australis stratigraphic pinchout trap at 1300 meters subsea depth within a Cretaceous channel on the Enderby Terrace. Prospect potential ranges in size from 33.5 (mean) to 83.1 (P10) million barrels of oil recoverable. If drilling is successful the discovery could be tied back to the nearby Legendre Oil Field in which the Operator has a substantial interest.

Victoria Petroleum NL has a 6.1743% interest in the Muggles-1 well and surrounding block of WA-254-P.