CVN 3.49% 22.3¢ carnarvon energy limited

from pacific-tiger

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    Current Operations:

    WBN6: WBN6 was spudded at 05:15 hours on Tuesday 8th October. At 08:15 hours on Wednesday the 9th October the well had reached 1312 m ah TD (1091m tvd). The primary target F-Sandstone reservoir was encountered as expected. Once again the well was deepened beyond its prognosed TD by 100m due to encouraging shows while drilling in sands below the F-Sandstone reservoir.

    Preliminary log interpretation suggests that two significant oil bearing reservoir intervals were encountered by WBN6. The F-Sandstone reservoir is far better developed in this area of the field than previously estimated. The lower reservoir, the G-Sandstones are also better developed than anticipated which offers a previously unrealised bonus to the result of the well.

    Details of the well result of WBN6 will be the subject of a press release to be issued soon.

    Due to the WBN6 well result the target locations of the next well WBN4 have been moved from the previous southerly location (an infill well between WBN3 and WB1) to an area approximately 250 m to the north of WBN6. The well will be drilled to confirm the continuity of the reservoirs encountered at WBN6. This will not only represent the most northerly well drilled on the structure to date but also intercept the target reservoir at a greater angle than WBN6.
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