fad48a95-40fe-471a-943e-4c6a7e05b451.pdf
Roc-1 well update
9 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 311 mm (12 ¼') intermediate hole has been drilled down to 3,405 metres which completes this section of the well.
Current Operations
As at 06:00 hours on 9th December 2015 the well was in the process of setting the 244 mm (9 5/8') casing.
Forward Plan
It is expected to take up to one week to set and cement the 244 mm (9 5/8') casing after which the well will drill 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
|
20%
|
Quadrant Energy (Operator)
|
40%
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JX Nippon
|
20%
|
Finder Exploration
|
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]