AWE Drills Ahead at Hovea-13 Well in Australia

Australian Worldwide Exploration Limited ("AWE") on behalf of the Hovea joint venture, reported that the Hovea-13 well was preparing to drill ahead after running casing at a measured depth of 1,344 meters. Progress for the week was 20 meters prior to running and cementing the casing. Delays were encountered waiting on essential rig repairs.

Hovea-13 is an oil development well on the Hovea oil field, which is located in L1, approximately 16 kilometers east south east of Dongara. Hovea-13 will target the Dongara Sandstone in a seismically mapped near crestal location within the central portion of the Hovea oil field. Hovea-13 has a planned total measured depth of approximately 2,200 meters.

This well is the first of a planned 4-wAell drilling campaign to be undertaken by AWE and Joint Venturers in the region.

Joint Venturers in the Hovea oilfield are:

  • AWE (Operator) 50%
  • Origin Energy Resources Limited 50%