Lakes Blue Energy NL announced the status of drilling operations at Wellesely-2, as at 6.00 am AEST. In the last 24 hours the wiper trip was completed and the well drilled ahead in 8-1/2" hole to Total Depth (TD) at 1,650 m having drilled 175 m. The top of the Boxvale Sands reservoir was intersected at 1,521 m, 13 m lower than prognosed, with 9 m of sand present with elevated gas shows across the interval. The well was then drilled to TD before a wiper trip was performed across the new hole, back up to 1,400 m, and the drilling assembly was pulled from the hole in preparation for wireline logging to be performed prior to a drill stem test being conducted across the Boxvale Sands.

Planned operations for the next 24 hours involve continuing to pull the drilling assembly from the hole before rigging up and running the wireline logging suite.