Antares Energy Limited : Weekly Operational Report
11/22/2011| 07:05pm US/Eastern
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A.C.N. 009 230 835
Level 2, 5 Ord Street Telephone: + 61 8 9324 2177
West Perth WA 6005 Facsimile: + 61 8 9324 1224
Website:www.antaresenergy.com
PO Box 690
West Perth WA 6872
ASX/NEWS RELEASE 23 NOVEMBER 2011
WEEKLY OPERATIONAL REPORT
The Directors of Antares Energy Limited (ASX:AZZ) advise of
the following operational activities conducted during the
previous week.
PROJECT: BIG STAR
WELL: WOODWARD 7 NO. 1
WORKING INTEREST: 90% BPO / 75% APO LOCATION: DAWSON COUNTY,
TEXAS
Drilling operations continue on Woodward 7 No. 1. The well is
currently at a total measured depth of over 10,800 ft. The
preliminary total depth of the well is 11,000 ft. Drilling
operations will conclude shortly at which point wireline logs
will be obtained and evaluated. The well is expected to
encounter pays in the Mississippian, Pennsylvanian, Cline,
Wolfcamp, Dean, and Spraberry formations. There is the
potential for encountering pay in the Cisco, which produced
approximately one mile north. The well will also test tight
Dean clastics just outside of the fairway of conventional
Dean production.
PROJECT: SOUTHERN STAR WELL: LIVE OAK NO. 1
WORKING INTEREST: 48.6%
LOCATION: DAWSON COUNTY, TEXAS
The fracture stimulation of the Live Oak No. 1 was
successfully completed. The 11-stage stimulation treated
reservoirs found in the Mississippian, Atoka, Strawn, Canyon,
Cline, Wolfcamp and Leonard Lime geologic units. Composite
bridge plugs used to isolate stimulation stages are now being
drilled out in order to commingle production from all
hydrocarbon-bearing intervals.
_____________________________________________________________________________
For further information please contact:
James Cruickshank
Chairman & CEO
+ (61) (0) 488 222 122 or + (1) 214 762 2202
Antares Energy is an oil and gas exploration and production
company focused on the Permian
Basin, West Texas, United States of America.
Currently Antares has three core projects being Southern
Star, Big Star and Northern Star each located in the prolific
Wolfberry Trend of the Permian Basin.
Antares Energy is an Australian public company listed on the
Australian Stock Exchange (ASX)
under the ticker symbol AZZ.
For more information please visit our website found at http://www.antaresenergy.com.
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