HDR hardman resources limited

Jingemia 1 Progress Report Onshore Perth Basin WA

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    Jingemia 1 Progress Report Onshore Perth Basin WA

    Document date: Tue 08 Oct 2002 Published: Tue 08 Oct 2002 09:08:25
    Document No: 276850 Document part: A
    Market Flag: N
    Classification: Progress Report
    ORIGIN ENERGY LIMITED 2002-10-08 ASX-SIGNAL-G

    HOMEX - Sydney

    +++++++++++++++++++++++++
    Origin Energy Resources Limited* advises that the Jingemia 1
    exploration well, located in the onshore Perth Basin Exploration
    Permit 413, spudded at 2130hrs WST on Sunday 6 October. Operation at
    0600hrs WST was drilling ahead at 238 metres.

    Jingemia 1 is located in the onshore Perth Basin, 24 kilometres south
    of Dongara. The well is being drilled to test a fault dependent
    closure, similar in structural style to the Hovea Oil Field, located
    5 kilometres to the northeast and will target the Dongara Sandstone
    confirmed as oil bearing at Hovea 1 and 3 and the High Cliff
    Sandstone confirmed as gas bearing at Hovea 2. Prognosed total depth
    for the well is 2750 metres subsea.

    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 5.7685%
    Pancontinental Oil & Gas NL 1.278%
    Alan Robert Burns 0.233%
    John Kevin Geary 0.142%

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

    For further information contact:

    Dr Rob Willink
    General Manager - Exploration
    Phone: 07 3858 0676
    Email: [email protected]
 
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