Vicpet Drills Ahead at Growler-3 Development Well

Victoria Petroleum N.L., as Operator for the PEL 104/ PRL 15 Joint Venture, has advised that the current operation at the Growler-3 development well operation is drilling ahead in 8 1/2inch hole at 1500 meters.

Growler-3 is being drilled as an appraisal well on the Growler Oil field to test the 16 metre oil column discovered in the Jurassic Birkhead Formation in Growler-1. Secondary targets are the Namur and Hutton sandstones. Growler-3 is 600 meters northwest of Growler-1 and interpreted to be a flank test of the Growler Oil Field as currently mapped. Growler-3 is being drilled on 80 acre spacing to the west of Growler-1 and Growler-2 and is planned to be drilled to a depth of 1800 meters. Growler-3 is the second Growler well in the current program after the successful Grolwer-4 development well.

At the P50 level, the Growler structure is mapped at the P50 level as a four way dip closed feature covering approximately 900 acres located on the western margin of the Cooper Basin. The P50 oil-in-place for the Growler structure alone is estimated to be 5.7 million barrels and most likely recoverable oil is estimated to be 1.4 million barrels.

The participants in Growler-3 and PEL 104 and their respective interests through their wholly owned subsidiaries are as follows:

  • Victoria Petroleum N.L. (Operator) 40%
  • Impress Energy Limited 40%
  • Roma Petroleum N.L. 20%