HDR hardman resources limited

jingemia-2 update

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    JINGEMIA-2 UPDATE (VOY 6.27%) Voyager has been advised by operator, Origin Energy that the appraisal well Jingemia-2 located in the onshore Perth Basin Exploration Permit 413 was at 2,706 metres at 0600 hrs WST and current operations were reaming back to the bottom of the hole after changing the drilling assembly. The primary objective Dongara Sandstone was intersected at 2,699 metres measured depth approximately 42 metres deep to prognosis. Minor fluorescence and elevated gas shows were encountered over the top 3 metres of the reservoir section. The significance of these shows will be investigated by wireline logs and pressure measurements once the well has been drilled to total depth. The Jingemia-2 appraisal well is being drilled from the Jingemia-1 production facility at high angle to target the Dongara Sandstone oil reservoir approximately 1 kilometre southeast of the Jingemia-1 discovery well. The well is being located to intersect the edge of the Jingemia Field as currently mapped. The aim of the well is to better define the field oil water contact, give greater confidence to field reserves and provide a point for water injection into the reservoir to provide pressure support. Voyager’s Managing Director, John Begg said, “At this early stage it appears that the well has met its objective of intersecting the Dongara Sandstone in a position near the edge of the field. No further conclusions are possible at this stage. There is still a great deal of data to be gathered and then interpreted from the Jingemia-2 drilling program.” Participants in EP 413 and Jingemia-2 are: Origin Energy Developments Pty Limited* (Operator) 49.189% Hardman Oil and Gas Pty Ltd 22.376% AWE (Perth Basin) Pty Ltd 15.245% Voyager Energy Limited 6.270% Victoria Petroleum NL 5.000% Norwest Energy NL 1.278% Roc Oil (WA) Pty Limited 0.250% ARC Energy NL 0.250% John Kevin Geary 0.142% * a wholly owned subsidiary of Origin Energy Limited
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