PCL 25.0% 0.3¢ pancontinental oil & gas nl

Huinga progress - getting close

  1. 2,070 Posts.
    BLIGH OIL & MINERALS NL 2002-08-13 ASX-SIGNAL-G

    HOMEX - Brisbane

    +++++++++++++++++++++++++
    NEW ZEALAND - PEP38716, TARANAKI BASIN, BLIGH INTEREST: 24.80%

    Marabe1la Enterprises Limited, Operator for the PEP38716 Joint Venture, reports that preparations are underway for the extended production test of the Huinga 1B well. Wireline operations to remove a safety plug in the completion tubing should commence tomorrow.
    Simultaneously the surface production equipment will be installed and pressure tested. It is envisaged that initial flow from the well, to clean out any completion and drilling fluid, will be over the coming weekend. After the clean-up phase the Murihiku and Kapuni formation will be flow-tested separately.

    The Huinga prospect is located on the prospective eastern margin trend in the Taranaki Basin, New Zealand, north of the recently drilled Makino-1. Huinga-1B has provided further confirmation of the prospectivity of this trend, initially established by the Rimu and Kauri discoveries, and further enhanced by the results of the Makino-1. Huinga-1B was directionally drilled from the existing Huinga 1 well bore, to target sandstones of the Tariki and Kapuni Group at a location approximately 550 metres west of the Huinga
    wellsite. Although the well did not encounter the Tariki sandstone, oil-bearing Kapuni Group sandstones were encountered directly beneath the Murihiku thrust block. The Tariki remains a prospective target, but at a location west of the current well bore.
 
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