ARQ 1.32% 38.5¢ arq group limited

frankland update

  1. 495 Posts.
    WA-286-P, Perth Basin, Offshore Western Australia
    Roc Oil (WA) Pty Limited, a wholly owned subsidiary of ROC, advises that since its last Stock Exchange Release on the 13 February 2008, the Premium "WilCraft" jack-up drilling rig has drilled the Frankland-2 appraisal well to a depth of 1,579 mBRT, after setting 340mm casing at 1026 mBRT.
    As at 20 February 2008 drilling operations have been temporarily suspended due to a cyclone warning. In the event that cyclonic activity increases, as per standard operating procedures non essential crew will be transported to shore and remaining crew will undertake storm preparations and other duties as required.
    Frankland-2 is an appraisal well approximately one kilometre north-east of the 2007 Frankland-1 gas discovery and is the second of the planned two well exploration/appraisal programme in the region. Frankland-2 is scheduled to reach the proposed Total Depth of 2,278 metres by the end of February, 2008.
 
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