Updates on the Woollybutt-6 Appraisal Well

Tap Oil says that the Woollybutt-6H appraisal well is at a depth of approximately 1,370 meters. With a planned total depth of 3,200 meters, the well is expect to reach its target depth in about two weeks.

Well conditioning and intermediate casing operations are under way, with drilling expected to recommence in a few days.

The Woollybutt-6H appraisal well is located in permit WA-25-L in the Barrow Sub-basin. It is a deviated appraisal well drilled approximately midway between Woollybutt-3A and Woollybutt-5A to prove up a possible oil column and southern extension of the Woollybutt South Field.

If the appraisal is successful, Woollybutt-6H will be completed as a development well and tied back to the existing Woollybutt infrastructure.

JV participants for WA-25- L include operator Eni Australia Ltd with 65%, Tap West Pty Ltd with 15% and Mobil Australia Resource Co Pty Ltd with 20%.