Backreef-1 Production Test Update
Sydney, May 22, 2012 AEST (ABN Newswire) - Oil Basins Limited (
ASX:OBL) wishes to make the following announcement so as to keep the market fully informed.
The Company, as operator on behalf of the Backreef Joint Venture - OBL group net 80% and Green Rock Energy Limited (ASX:GRK) group net 20%*; wishes to advise that all test equipment arrived on site late Sunday 20 May 2012, but due to a combination of downtime of the Australian Drilling Services (ADS) Rig#2 and the unexpected difficult drilling of the cement plug (now successfully completed), we now anticipate that the well test operations will commence on Thursday 24 May 2012.
Note: *Subject to stakeholder approvals and consents.
OBL will duly advise the market of a summary of the test results at the conclusion of the Backreef-1 Production Test program.
Contact
Oil Basins Limited
T: +61-3-9692-7222
F: +61-3-9529-8057
WWW: www.oilbasins.com.au
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