AWE Drills Ahead at Hovea-13 to Measured Depth of 1,886 Meters

Australian Worldwide Exploration ("AWE") on behalf of the Hovea joint venture, reported that the Hovea-13 well had drilled ahead to a measured depth of 1,886 meters. Progress for the week was 542 meters.

Delays were encountered waiting on essential rig equipment and well repairs.

Hovea-13 is an oil development well on the Hovea oilfield, 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-well drilling campaign to be undertaken by AWE and Joint Venturers in the region.

Joint Venturers in the Hovea oil field are:

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