Perseverance-1 Pays Off for Roc Oil

Roc Oil reports that the Perseverance-1 exploration well located in WA-325-P, offshore Perth Basin, has been drilled to a Total Depth of 1,774 meters and that electric logs are being run.

The well has penetrated the two main objectives, the Dongara Sandstone and the Irwin River Coal Measures. Drilling and preliminary log data indicate that good gas indications are present in sands with moderate reservoir quality over a gross interval of approximately 32 meters below the top of the Dongara Sandstone. The significance of the gas shows will be determined after logging has been completed.

Perseverance-1, the second of a three well exploration drilling program in the region, is scheduled to be followed by Dunsborough-1 in WA-286-P.

Roc Oil is the operator of WA-325-P with a 37.5% stake; Apache Northwest Pty Limited holds 37.5%; ARC holds 20% and Wandoo Petroleum holds the remaining 5%.

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