Trefoil-1 Flows Gas

Australian Worldwide Exploration Limited reports that the exploration well Trefoil-1, located in the Bass Basin permit T/18P, was continuing testing operations.

The first of two cased hole drill stem tests (CHDST) has been completed.

CHDST 1, over the perforated interval 3,141 – 3,150 meters, flowed gas at a final rate of 16.3 million cubic feet per day (mmscfd) at a tubing pressure of 1,329 psi through a 48/64 inch choke. The gas flow was accompanied by approximately 145 barrels of condensate per day and 43 barrels of water per day, believed to be water of condensation.

DST 2 test will be conducted over the interval 3,040.5 – 3,046.5 meters during the course of today. A further announcement will be made on the results of this test upon its completion.

Participants in T/18 P are Origin Energy Resources as operator with 41.4%; AWE Petroleum with 22.6%; CalEnergy Gas with 23.5%; and Wandoo Petroleum with 12.5%.