AWE Set to Complete Netherby-1 for Production

Australian Worldwide Exploration (AWE) reported that the Netherby-1 DW1 (Development Well 1) has been drilled to a total measured depth of 2,517 meters. Since the last drilling update to ASX, the development well was successfully sidetracked and drilled from the "kick-off point" at 1,505 meters to the current total depth within the Waarre "A" reservoir sequence.

Good gas shows were reported through the interval, as expected and logs indicate very good reservoir. The Netherby-1 DW1 well will now be completed for future production.

Netherby-1 is located in VIC/P 44, approximately 4 kilometers north of the Henry-1 gas discovery. The well is the second well in the current drilling program, which will target additional gas reserves in the offshore Otway Basin. The semisub Ocean Patriot is performing the drilling.

The Henry-2 pilot hole and development well will follow immediately after the Netherby development well.

Participants in VIC/P 44 are:

  • AWE 25.0%
  • Santos Limited (operator) 50.0%
  • Mitsui E&P Australia Pty Ltd 25.0%

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