HDR hardman resources limited

jingemia-2 update

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    Jingemia-2 update
    Australian Worldwide Exploration Limited on behalf of its wholly owned subsidiary, AWE (Perth
    Basin) Pty Ltd, (“AWE”) advises that cement plugs were being set in the Jingemia-2 well prior to
    sidetracking the Jingemia-3 borehole. During the week, Jingemia-2 was drilled to a total depth
    of 2,781 metres and wireline logs were recorded. Progress for the week was 42 metres.
    Analysis of the Dongara Sandstone reservoir in the well indicated that it was poor quality and
    unsuitable for water injection.
    The Jingemia-2 appraisal well was drilled from the Jingemia-1 production facility in EP 413, in
    the North Perth Basin, at moderate angle to target the Dongara Sandstone oil reservoir
    approximately 1 kilometre south east of the Jingemia-1 discovery well. The well was located to
    intersect the edge of the Jingemia oil field as currently mapped and to provide a point for water
    injection into the reservoir to provide pressure support.
    The well will now be sidetracked (Jingemia-3) in order to intersect better quality reservoir, such
    that it can be completed as a water injection well.
    The drilling activity at Jingemia follows the conclusion of the Jingemia-1 Extended Production
    Test (EPT) where oil flow rates of between 1,000 and 1,900 barrels per day were recorded over
    the 3 month test period. During the EPT, the Jingemia-1 well produced in excess of 125,000
    barrels of oil, with no water. AWE has a 15.245% share of EP 413 and the Jingemia-1 output.
    Participants in EP 413 and the Jingemia-2 well are as follows:
    AWE (Perth Basin) Pty Ltd 15.245%
    Origin Energy Limited (Operator) 49.189%
    Hardman Oil & Gas Pty Ltd 22.376%
    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%
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