ARC Energy Spuds Bunjong 1 Exploration Well

ARC Energy has spud the exploration well Bunjong 1 located in the onshore Perth Basin Production Licence L2 using the Century 11 drilling rig. The well is located approximately 2.2 kilometers north of the town of Dongara.

The depth to the prognosed top of the primary objective Dongara Sandstone is approximately 1,745 meters measured depth. The proposed total depth of the well is 2,060 meters measured depth and it is expected to take 13 days to drill on a dry hole basis.

Bunjong 1 is an exploration well being drilled on a structure defined by the Denison 3D seismic survey.

Participants in L1 and L2 (excluding the Dongara, Mondarra and Yardarino fields) and Bunjong 1 are ARC Energy as operator with 50% and Origin Energy with the remaining 50%.