Apache Spuds Libris-1 Exploration Well

Tap Oil

Tap Oil reports that the Libris-1 exploration well located in the northern portion of WA-246-P in the Dampier sub-basin has spud and has drilled ahead to 599 meters measured depth.

The Libris-1 well is designed to explore for hydrocarbons within the Upper Angel Formation and also to test for hydrocarbons at the Lower Angel Formation level.

Libris-1 is expected to take approximately 25 days to reach the proposed total vertical depth of 3,450 meters. WA-246-P joint venture participants are Apache Northwest as operator with 45%; Tap (Harriet) Pty Ltd with 10%; Kufpec Australia Pty Ltd with 20%; Santos (Globe) Pty Ltd with15% and Pan Pacific Petroleum NL with10%.