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libra update

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    End of the week for target depth


    Progress report no. 3
    Libra-1 exploration well
    in exploration permit AC/P41
    Nexus Energy Limited (“Nexus”) advises that as at 06:00 hours (WDT) on 18 November, the Libra-1 exploration well in exploration permit AC/P41 in the Browse Basin, offshore Western Australia, had reached 2,712 metres total vertical depth sub-sea (TVDSS) in an 8½ inch hole.
    The Ocean Epoch semi-submersible rig is drilling the exploration well which is operated by Shell Development (Australia) Pty Ltd (“Shell”) on behalf of the joint venture.
    The Libra-1 well is expected to intersect the target reservoir by the end of this week, and is testing near field exploration potential around the greater Crux area.
 
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