Talon Petroleum Limited (ASX:TPD) Roundhouse Prospect - Bonner 1H Well Incident Update

Talon Petroleum Limited (ASX:TPD) previously reported in its ASX announcement dated 26 July 2013 that during fraccing operations in the O'Brien Energy Company ("O'Benco") operated Roundhouse Prospect proof of concept well (Bonner 1H) the 9.625 inch and the 7 inch casings parted, that Boots and Coots well control specialists were onsite and that two contractors were injured.

O'Benco has now provided an update with a forward plan of operations for the Bonner 1H well.

The injured personnel were treated for minor acid burns and returned to work the same day.

Boots and Coots have reduced their team to one engineer on site.

The operator has notified local, state, federal agencies and their insurers regarding the incident.

Current Operations

After removing the extruded casing and well head equipment on the surface and excavating to approximately 20 feet below ground level, the parted 9.625 inch and the 7 inch casings were located and a BOP (Blow Out Preventer) stack has been installed on the 9.625 inch casing for control at the surface. The well is currently flowing a small amount of water to a lined pit.

The operator is currently preparing to mobilize a rig in an effort to re-establish the mechanical integrity of the failed casings and if successful to continue the completion operations.

Talon holds approximately a 24% non-operating Working Interest in the Bonner 1H well and the approximately 600 acres surrounding the well.

About Talon Petroleum Limited

Talon Petroleum (ASX:TPD) is a Texas and Gulf Coast focussed exploration and appraisal company. The company strategy is focussed on low risk, liquids rich prospects in mature, well serviced areas. Talon expects to add value through utilising modern drilling and fracture stimulation technologies.

 

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