Victoria Petroleum Begins Work at Reids Dome Gas Project in Queensland

Victoria Petroleum says that drilling has commenced at the WSP Primero-1 well on the Reids Dome Anticline. Primero-1 will test the basal Cattle Creek formation and underlying Reids Dome Beds with a projected total depth of 2,700 metres.

Primary targets are the sands contained within the Permian basal Cattle Creek and the Reids Dome Beds.

These rock units are considered to be prospective for gas and contained gas shows when last penetrated in AOE-1 drilled in 1954 near the site of WSP Primero-1.

The target Reids Dome Beds have been interpreted to have the potential to contain up to 300 billion cubic feet of gas, if gas is present.

Commenting on the start of drilling on the Reids Dome, Victoria Petroleum NL's Managing Director John Kopcheff said;

"Vicpet is pleased to be a participant in the commencement of the drilling on the Reids Dome with Primero-1, where Vicpet has a 40% free carried interest."

"Vicpet is confident that gas flows will be recorded from the well, with the potential to contain a significant gas resource."

The participant's interest in Primero-1 and PL 231 are White Sands Petroleum as operator with 20%; Victoria Petroleum with 40% and Dome Petroleum with 40%.