Cobra 1A ST3 Reaches Total Depth, Logging Underway

Oil Search Limited has reported that on August 21, 2008, the Cobra 1A ST3 well was at a total depth of 2,836 meters and an electric logging program was underway. Progress for the week was 70 meters.

Preliminary interpretation of log data indicates the Hedinia sandstone interval intersected in Cobra 1A ST3 is similar to that in Cobra 1A ST2 and of better quality and thicker than that in Cobra 1A and Cobra 1A ST1. Elevated gas readings up to C5 were encountered within the upper section of the Hedinia sandstone.

The forward plan is to complete the formation evaluation program to determine the fluid type within the interval where elevated gas readings have been recorded.

Cobra 1A ST3 is located in PPL 190 and lies 13 kilometers east of the SE Gobe oil field and 7 kilometers east of the Bilip oil discovery.

The participants in Cobra 1A ST3 are:

  • Oil Search Limited 62.556%
  • Murray Petroleum Co. Ltd 26.497%
  • Cue PNG Oil Company 10.947%
  • Total 100%