East Blina-1 Operations Report
Melbourne, Oct 18, 2012 AEST (ABN Newswire) - Oil Basins Limited (
ASX:OBL) wishes to make the following ASX Announcement, so as to keep the market fully informed.
The Company, as designated Operator on behalf of the Backreef Area Joint Venture (OBL net 80% and Green Rock Energy Limited (ASX:GRK) net 20% beneficial interests respectively) wishes to make the following Operations Report #1 at the East Blina-1 petroleum exploration well, within Production Licence L6, Canning Basin.
EAST BLINA-1 PETROLEUM EXPLORATION WELL
Interests: OBL 80%, GRK 20%
Operator: Oil Basins Limited
Spud Date: 8:00am, 17 October 2012
Depth: 48mRT @ 6:00am 18 October 2012
Weekly Progress: 45m
Formation Tops: Blina Shale 20mRT (circa 27m higher than prognosed)
Current Operation: Drilling ahead with 311 mm (12-1/4 inch) diameter hole to circa 350mRT and running & cementing 244 mm (9-5/8 inch) diameter surface casing.
Planned Total Depth: 1210mRT
Target: Intra Yellow Drum dolomite reservoir - (gross reservoir column 27m), with a prognosed Formation Top at 1162mRT.
Well Duration: Less than 11 days* from spud-date - drill and logging and wireline testing/sampling and PVT (as appropriate).
* Anticipated subject to change
View the complete Oil Basins announcement including Images at the link below:
http://media.abnnewswire.net/media/en/docs/ASX-OBL-380646.pdf
Contact
Oil Basins Limited
T: +61-3-9692-7222
F: +61-3-9529-8057
WWW: www.oilbasins.com.au
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