3 April 2014
Oil Business
March 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%), an oil discovery was made with the exploration
well Stunsail-1 which is located 16km northeast of the Bauer oil field. The well exceeded expectations by encountering a thicker column and multiple hydrocarbon bearing zones in the McKinlay Formation, Namur Sandstone and Birkhead Formation. The well was cased and suspended as a future oil producer. For more detailed information on the Stunsail-1 oil discovery please refer to the ASX Announcement released on Wednesday 2
April 2014.
Eastern Margin Oil Fairway ATP 299PDrilling has finished on the three-well development campaign across the Tintaburra and Toobunyah oil fields with Tintaburra-8, Toobunyah-10 and Toobunyah-11 all cased and suspended. 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
Drillsearch is continuing to drill the Charal-1 well through the target Permian formations. A conventional core was cut in the Epsilon Formation and intermediate wireline logging was run to the base of the Murteree Shale. The well is currently being drilled ahead through the Patchawarra Formation.
Monthly Drilling Summary
Oil Wells | Participants | Progress & Summary | Primary Target |
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 Depth: 1, 158 m (TD) Operation: C & S Progres s : 1, 158 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: Sunday, 23 February 2014 Rig Releas e: Saturday, 8 March 2014 Depth: 1, 158 m (TD) Operation: C & S Progres s : 1, 158 m (TD) | Hutton Form ation |
Toobunyah 11 | DLS 40% STO* 60% | Spud Date: Monday, 10 March 2014 Rig Releas e: Wednes day, 19 March 2014 Depth: 1, 145 m (TD) Operation: C & S Progres s : 1, 145 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 March 2014 Rig Releas e: Wednes day, 19 March 2014 Depth: 1, 145 m (TD) Operation: C & S Progres s : 1, 145 m (TD) | Hutton Form ation |
Stunsail - 1 | DLS 60% BPT* 40% | Spud Date: Saturday, 8 March 2014 Rig Releas e: Sunday, 30 March 2014 Depth: 2, 019 m (TD) Operation: C & S Progres s : 2, 019 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: Saturday, 8 March 2014 Rig Releas e: Sunday, 30 March 2014 Depth: 2, 019 m (TD) Operation: C & S Progres s : 2, 019 m (TD) | Nam ur Sands tone |
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: Drilling Operations Progres s : 3, 287 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: Drilling Operations Progres s : 3, 287 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 |
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