Eremia 1 Well to be Completed as a Producer

Origin Energy reports that the exploration well Eremia 1 in the onshore Perth Basin Production Licence L1, was completing abandonment activities at a total depth of 2550 meters.

Eremia 1 intersected an oil column of at least 15 meters and possibly up to 18 meters in excellent quality Dongara Sandstone reservoir. This zone was subsequently cased for future production and the well drilled ahead in 8-1/2 inch hole. The Irwin River Coal Measures sequence and High Cliff Sandstone, gas bearing in the nearby Hovea Field, are interpreted from wireline logs to be water bearing at the Eremia location. Cement plugs will now be run to isolate these zones prior to the well being completed for production from the Dongara Sandstone oil reservoir.

Participants in L1 and L2 (excluding the Dongara, Mondarra and Yardarino fields), and Eremia 1 are: Arc Energy as operator with 50% and Origin Energy with the remaining 50%.