HDR hardman resources limited

jingemia-1 production testing

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    Perth Basin Update

    Document date: Tue 06 May 2003 Published: Tue 06 May 2003 13:45:41
    Document No: 237181 Document part: A
    Market Flag: N
    Classification: Progress Report - Other
    VOYAGER ENERGY LIMITED 2003-05-06 ASX-SIGNAL-G

    HOMEX - Perth

    +++++++++++++++++++++++++
    JINGEMIA-1 EXTENDED PRODUCTION TEST (EPT)

    Voyager Energy Limited has been advised by project operator Origin
    Energy that as at 0840 hrs (WST) production has commenced at
    Jingemia-1, following regulatory approval and the installation of
    surface facilities.

    The objective of the EPT is to acquire information on reservoir
    performance over a 3 month period before finalising plans for full
    field development. Production rates will be varied throughout the
    test period as test requirements dictate.

    Oil produced will be trucked to and sold at the BP oil refinery at
    Kwinana south of Perth.

    Participants in EP 413 and Jingemia-1 are as follows:

    Origin Energy Developments Pty Limited* 49.189%
    Hardman Oil and Gas Pty Ltd 22.376%
    AWE (Perth Basin) Pty Ltd 15.245%
    Victoria Petroleum NL 5.7685%
    Voyager Energy Limited 6.0015%
    Pancontinental Oil & Gas NL 1.278%
    John Kevin Geary 0.142%

    * a wholly owned subsidiary of Origin Energy Limited (Operator)

    WA-226-P 3D SEISMIC PROGRAM

    Voyager Energy Limited has been advised by project operator Origin
    Energy that recording operations commenced on the 500 km2 Macallan
    3D seismic survey on Friday 2 May 2003.

    Participants in WA-226-P are as follows:

    Origin Energy Developments Pty Limited* 28.75% (Operator)
    Apache Northwest Pty Ltd*** 28.75%
    Dana Petroleum (E&P) Limited** 12.81375%
    Dana Petroleum (WA) LLC** 12.66375%
    Norwest Energy NL 7.5%
    Voyager Energy Limited 5.0%
    Planet Resources Limited** 4.5225%

    * a wholly owned subsidiary of Origin Energy Limited

    ** wholly owned subsidiaries of Dana Petroleum plc.

    *** a wholly owned subsidiary of Apache Energy Limited which is a
    subsidiary of Apache Corporation, an independent oil and gas
    production company listed on the New York Stock Exchange.


    For further information, please contact:

    John Begg
    (MANAGING DIRECTOR)
    Telephone: +61 8 9388 6722
    Facsimile: +61 8 9388 6733
    Email: [email protected]

 
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