Exploration and Appraisal Drilling Update - June 2018
(ASX: OSH | ADR: OISHY | POMSoX: OSH)
5 July 2018
Well Name
Well Type
Location
Barikewa 3
Appraisal
PRL 9, Forelands, PNG
Spud Date
25 June 2018
Rig
HAES Rig 103
Objective/ Targets
Cretaceous Toro Sandstone and deeper Jurassic Hedinia Sandstone.
The objective of Barikewa 3 is to constrain the resource in the field and assist in selecting the optimal commercialisation pathway. The Barikewa 3 appraisal well follows the successful Kimu 2 appraisal well (PRL 8, Forelands), which reached total depth in late May 2018 and proved up an extension of the Kimu gas reservoir.
Status
Drilling commenced on 25 June 2018. At the end of the month, the well was at a depth of 821 metres and drilling ahead in a 12-1/4" hole.
Operator
Oil Search
Participants
Oil Search (PNG) Limited 45.1%
Barracuda Limited 40.0%
NPCP Oil Company Pty Limited 14.9%
Total 100.0%
All depths quoted are measured depth from rotary table (MDRT)
PETER BOTTEN, CBE
Managing Director
Oil Search Limited
Incorporated in
Papua New Guinea ARBN 055 079 868
Head office
Port Moresby Papua New Guinea
Sydney office
1 Bligh Street Sydney NSW 2000 Australia
Mailing address
GPO Box 2442 Sydney NSW 2001 Australia
Tel: +61 2 8207 8400 Fax: +61 2 8207 8500www.oilsearch.com
For further information, please contact:Ann Diamant
General Manager, Investor Relations and Communications
Tel: Mob:
+612 8207 8440 +61 407 483 128
Stephanie Chu
Investor Relations Manager
Tel: Mob:
+612 8207 8542 +61 481 038 179
Oil Search - June Drilling Report - 5 July 2018www.oilsearch.com
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Oil Search Limited published this content on 05 July 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 05 July 2018 03:23:01 UTC