Casino-4 Well Testing Program Completed

Australian Worldwide Exploration reports that testing of Casino-4 sidetrack, located in VIC/L 24 offshore Australia, has been completed and the Ocean Patriot is preparing to move to the Casino-5 location.

During the week, the Casino-4 sidetrack was completed for production and a multi rate production test was undertaken. During testing, a maximum rate of 47.0 million cubic feet of gas per day, with a flowing tubing head pressure of 2,100 pounds per square inch was recorded through a 1" choke. The flow rates were limited by the surface facilities. These flow rates are an excellent outcome from the Waarre Sandstone reservoir.

Casino-4 is the first of a three-well drilling program in the VIC/L 24 and VIC/P 44. Following completion of activities at Casino-4, the rig will move to drill the Casino-5 production well in the eastern part of the field, adjacent to the Casino-2 exploration well. The Henry-1 exploration well will be drilled following completion of the development drilling activities.

Participants in VIC/L 24 are Santos as operator with 50%; Peedamullah Petroleum (AWE) with 25% and Mittwell Energy with 25%.

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