Good to see that Bounty is still making announcements to its shareholders even though there's no extra news since yesterdays report.
Progress Report for Woodada #19 Well
Document date: Fri 24 May 2002 Published: Fri 24 May 2002 12:28:57
Document No: 216756 Document part: A
Market Flag: N
Classification: Progress Report
BOUNTY OIL & GAS NL 2002-05-24 ASX-SIGNAL-G
HOMEX - Perth
+++++++++++++++++++++++++
Bounty Oil & Gas NL provides the following progress report on the
drilling of the Woodada #19 gas well. All depths are in metres below
the Kelly Bushing on the rig floor.
Period: 24 hours to 6am on 24/5/02.
Current Depth: 2,841 mKB (Total Depth).
Progress: Pull out of hole and lay down drill pipe.
Commence running 7 inch (178mm) casing.
Forward program: 1. Conduct long term flow testing through
casing of the sandstones within the basal
Irwin River Coal Measures and High Cliff
Sandstone to determine type of formation
fluid (oil or water) and productivity.
2. Conduct long term flow testing of Carynginia
Limestone to confirm the economic potential
for gas production.
Hydrocarbon
Indications: Please refer to previous announcements.
Primary and Secondary
Targets: Please refer to previous announcements.
Participants: Hardman Resources Ltd 75%
Bounty Oil & Gas NL 25%
T Fontaine
MANAGING DIRECTOR
NOTE: In accordance with ASX listing requirements, the geological
information supplied in this report has been based on information
provided by geologists who have had in excess of five years
experience in their field of activity.
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