Tawriffic East Well Delayed Due to Rig Problems

Stuart Petroleum reports that the Hunt Rig No. 3, contracted for the Tawriffic East 1 exploration well, is on-site, undergoing repairs. The well is now expected to spud within the next two or three days.

Tawriffic East 1 is located 14km northwest of the prolific Worrior oil field within PEL 93. The Pintari North oil field is 7km to the northeast.

The well is located on the under-explored Warra Ridge at the south western end of the Gidgealpa/Merrimelia/Innamincka Ridge which, to the northeast, contains numerous oil and gas fields.

The Tawriffic East structure has potential oil in place of 2.6 million barrels (mean) and un-risked mean reserves of one million barrels in the Birkhead Formation and in the McKinlay Member if oil is present.