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Phoenix South-1 Well Update
18 July 2014
Carnarvon Petroleum Limited ("Carnarvon") (ASX:CVN) is pleased to report that the Phoenix South-
1 well has successfully set the 9 5/8" casing in the side-track well and is drilling ahead.
As at 12:00 hours today the well was drilling ahead at approximately 3,750 meters MD in the final hole section.
The primary targets for the Phoenix South-1 well are the interbedded sandstones, siltstones and claystones of the Middle Triassic Lower Karaudren Formation and Early to Middle Triassic Locker Shale. These sands are expected to be intersected while drilling this final hole section.
The well is expected to take approximately three weeks to complete drilling.
Following the completion of drilling, extensive wireline logging and both pressure and fluid sampling are planned. These operations will continue for a further week.
Carnarvon will provide further updates as the well progresses.
The equity interest holders in the Phoenix South-1 well (upon satisfaction of the farm in agreement terms) are:
Carnarvon Petroleum
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20%
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Apache 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%
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For all enquiries please contact:
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]
Yours faithfully
Adrian Cook Managing Director Carnarvon Petroleum
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Carnarvon Petroleum Ltd.
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CODE : CVN.AX |
ISIN : AU000000CVN8 |
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Carnarvon Petroleum est une société basée en Australie. Carnarvon Petroleum est cotée en Australie et en Allemagne. Sa capitalisation boursière aujourd'hui est 194,1 millions AU$ (127,6 millions US$, 119,2 millions €). La valeur de son action a atteint son plus bas niveau récent le 21 juin 2013 à 0,04 AU$, et son plus haut niveau récent le 10 août 2018 à 0,70 AU$. Carnarvon Petroleum possède 1 021 340 032 actions en circulation. |