725d88ff-e348-40a8-95e0-88abf1a41d65.pdf
Roc-1 well update
2 December 2015
Carnarvon Petroleum Limited ('Carnarvon') (ASX:CVN) provides the following update on drilling operations as advised by the operator of the Roc-1 well, Quadrant Energy.
Progress
Since the last report the 445 mm (17 ½') hole has been drilled down to 1,341 metres and 340 mm (13 3/8') casing has been set and cemented to this point.
Current Operations
As at 06:00 hours on 2nd December 2015 the well was drilling ahead in the 311 mm (12 ¼') intermediate hole section at a depth of 1,425 metres.
Forward Plan
The well will drill the 311 mm (12 ¼') hole to a depth of around 3,500m and then set and cement 244 mm (9 5/8') casing. Following that the well will drill ahead in the 216 mm (8 1/2') reservoir section equivalent to where the oil was discovered in the Phoenix South-1 well.
Location
The Roc-1 well is located in WA-437-P, approximately 20km south-east of the 2014 Phoenix South-1 oil discovery, and around 150km north of Port Hedland.
The equity interest holders (upon satisfaction of the farm in agreement terms) in WA-437-P are:
Carnarvon Petroleum
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20%
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Quadrant Energy (Operator)
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40%
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JX Nippon
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20%
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Finder Exploration
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20%
|
Yours faithfully
Adrian Cook Managing Director Carnarvon Petroleum
Shareholder enquiries: Media enquires:
Mr Thomson Naude Mr Tony Dawe
Company Secretary Professional Public Relations
Phone: (08) 9321 2665 (08) 9388 0944 / 0405 989 743
Email: [email protected] [email protected]