HRD harvestroad limited

hdr -buy leafcutter drilling report

  1. 3,559 Posts.
    FOR IMMEDIATE RELEASE
    ASX ANNOUNCEMENT
    RELEASE DATE: 4 September 2003
    TO: Manager, Company Announcements
    Australian Stock Exchange Limited
    CONTACT: Tom Fontaine (08 9322 3244) PAGES: 1
    RE: LEAFCUTTER-1 WELL - PROGRESS REPORT #2
    Dear Sir/Madam,
    All reported depths are in metres below the Kelly Bushing on the rig floor. Reports will be made on a
    weekly basis (Thursday) or in the case of a material occurrence.
    Period: 72 hours to 6am on 4/9/03.
    Current Depth: 417 mKB
    Progress: Drill ahead in 12.25” (311mm) hole from 51mKB to 417mKB.
    Forward program: Drill ahead in 12.25” (311mm) hole.
    Hydrocarbon
    Indications: Hydrocarbon shows will only be reported after wireline logs have been
    run and evaluated at the Total Depth of the well.
    Primary and Secondary
    Targets: The primary target is the Permian High Cliff Sandstone at a depth of
    approximately 1,315 metres. Secondary targets include sandstones
    within the Irwin River Coal Measures and a sandstone and/or limestone
    within the Carynginia Formation.
    Participants: Bounty Oil & Gas NL 25%
    Hardman Resources Ltd 75%
    Yours sincerely,
    BOUNTY OIL & GAS NL
    Tom Fontaine
    Managing Director
 
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