DCA Rig #6 to Mobilize for Dunnart-2 Well Testing Ops in WA's EP437 Soon
Key Petroleum Limited disclosed Tuesday that further to its announcement April 21, Key Petroleum (Australia) Pty Ltd. (Key or Company), a wholly owned subsidiary of Key Petroleum Limited and Operator, provided an update in relation to planned testing operations at Dunnart-2 well in Exploration Permit EP437, Perth Basin, Western Australia.
DCA Rig #6 is currently in the DCA yard in Perth completing upgrades subsequent to third party rig inspection findings at the direction of Key. The rig is expected to be mobilized to site during the week commencing May 18. In accordance with the Land Access Agreement, formal notification of Key’s intention to commence operations has been issued to the Land Owner and pressure testing of the completion equipment has been carried out by Halliburton, this equipment will be also be mobilized during the week commencing May 18.
The Company will update the market shortly on commencement of operations.
Joint Venture participants in EP437 are:
- Key Petroleum Limited (Key Petroleum (Australia) Pty Ltd.) (Operator) - 43.47 percent
- Rey Resources Limited (Rey Oil and Gas Perth Pty Ltd.) - 43.47 percent
- Caracal Exploration Pty Limited - 13.06 percent
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