6 March 2014
Oil Business
February Drilling ReportDrillsearch Energy Limited
ABN 73 006 474 844
Telephone +61 2 9249 9600
Facsimile +61 2 9249 9630 admin@drillsearch.com.au
www.drillsearch.com.au Level 16, 55 Clarence Street Sydney NSW 2000
Western Flank Oil Fairway PEL 91
In PEL 91 (Drillsearch 60%, Beach operator and
40%), Bauer-12 and Bauer-13 were drilled to further appraise and develop the Bauer oil field. Bauer-12 intersected a nine metre net oil column, with five
metres of net oil pay within the highly productive
Namur reservoir and the remaining four metres in the overlaying McKinlay Member. These results have extended the areal extent of the Bauer field.
Bauer-13 was designed as a vertical development well, targeting the McKinlay/Namur reservoirs on the south east end of the field. Bauer-13 intersected a
13 metre oil column, with 8 metres of net oil pay within the highly productive Namur reservoir. Both
Bauer-12 and 13 were cased and suspended as
future oil producers.
The five-well Ipundu oil appraisal campaign was completed successfully with all five wells cased and suspended as future Wyandra and Murta Formation oil producers. The data collected during drilling will help optimise the Field Development Plan.
Drilling has begun on a three-well development campaign across the Tintaburra and Toobunyah oil fields with the spudding of Tintaburra-8 on 10 February 2014. The aim of the campaign is to develop the 2P Hutton Sandstone reserves and to progress towards a suitable in-fill field development plan.
Unconventional Business
Central Unconventional Fairway ATP 940PThe upgrade of the Weatherford 826 rig has now been completed, and on Monday 24 February 2014, Drillsearch began deepening the top hole of Charal-1 through the reservoir formations. This will be followed by similar deepening of Anakin-1 and Padme-1 with hydraulic stimulation and production testing to commence around mid-2014 targeting the REM shale sequence and Patchawarra tight gas sandstones.
Monthly Drilling Summary
Oil Wells | Participants | Progress & Summary | Primary Target |
Ipundu - 20 | DLS 40% STO* 60% | Re-entered Monday, 3 February 2014 Rig Releas e: Friday, 7 February 2014 Depth: 1, 278 m (TD) Operation: C & S Progres s : 1, 278 m (TD) | Wyandra Form ation |
PL 52 Oil Bus ines s Eas tern Margin C/E Bas in, QLD | DLS 40% STO* 60% | Re-entered Monday, 3 February 2014 Rig Releas e: Friday, 7 February 2014 Depth: 1, 278 m (TD) Operation: C & S Progres s : 1, 278 m (TD) | Wyandra Form ation |
Bauer - 12 | DLS 60% BPT* 40% | Spud Date: Friday, 7 February 2014 Rig Releas e: Saturday, 15 February 2014 Depth: 1, 734 m (TD) Operation: C & S as future oil production well Progres s : 1,734 m (TD) | Nam ur Sands tone |
PEL 91 Oil Bus ines s Wes tern Flank Oil C/E Bas in, SA | DLS 60% BPT* 40% | Spud Date: Friday, 7 February 2014 Rig Releas e: Saturday, 15 February 2014 Depth: 1, 734 m (TD) Operation: C & S as future oil production well Progres s : 1,734 m (TD) | Nam ur Sands tone |
Tintaburra - 8 | DLS 40% STO* 60% | Spud Date: Monday, 10 February 2014 Rig Releas e: Wednes day, 19 February 2014 Depth: 1, 200 m (TD) Operation: C & S Progres s : 1, 200 m (TD) | Hutton Form ation |
PL 29 Oil Bus ines s Eas tern Margin C/E Bas in, QLD | DLS 40% STO* 60% | Spud Date: Monday, 10 February 2014 Rig Releas e: Wednes day, 19 February 2014 Depth: 1, 200 m (TD) Operation: C & S Progres s : 1, 200 m (TD) | Hutton Form ation |
Bauer - 13 | DLS 60% BPT* 40% | Spud Date: Wednes day, 19 February 2014 Rig Releas e: Sunday, 2 March 2014 Depth: 1, 723 m Operation: C & S Progres s : 1, 723 m | Nam ur Sands tone |
PEL 91 Oil Bus ines s Wes tern Flank Oil C/E Bas in, SA | DLS 60% BPT* 40% | Spud Date: Wednes day, 19 February 2014 Rig Releas e: Sunday, 2 March 2014 Depth: 1, 723 m Operation: C & S Progres s : 1, 723 m | Nam ur Sands tone |
Toobunyah 10 | DLS 40% STO* 60% | Spud Date: Sunday, 23 February 2014 Rig Releas e: Saturday, 8 March 2014 (Propos ed) Depth: 1, 173 m (Propos ed TD) Operation: Weather Delayed Progres s : 993 m | Hutton Form ation |
PL 29 Oil Bus ines s Eas tern Margin C/E Bas in, QLD | DLS 40% STO* 60% | Spud Date: Sunday, 23 February 2014 Rig Releas e: Saturday, 8 March 2014 (Propos ed) Depth: 1, 173 m (Propos ed TD) Operation: Weather Delayed Progres s : 993 m | Hutton Form ation |
Unconventional Wells | Participants | Progress & Summary | Primary Target |
Charal - 1 | DLS* 40% QGC 60% | Re-entered: Monday, 24 February 2014 Rig Releas e: Tues day, 22 April 2014 (Propos ed) Depth: 3, 891 m (Propos ed TD) Operation: Drill to Core Point #1 Progres s : 2, 884 m | Ros eneath / Murteree Shale |
ATP 940P Unconventional Bus ines s Central Unconventional C/E Bas in, QLD | DLS* 40% QGC 60% | Re-entered: Monday, 24 February 2014 Rig Releas e: Tues day, 22 April 2014 (Propos ed) Depth: 3, 891 m (Propos ed TD) Operation: Drill to Core Point #1 Progres s : 2, 884 m | Ros eneath / Murteree Shale |
For further information please contact:
Brad Lingo Managing Director | Dudley White GM - Corporate Communications |
+61 2 9249 9600 admin@drillsearch.com.au | +61 2 9249 9669 dudley.white@drillsearch.com.au |
distributed by |