Perth, Feb 19, 2008 AEST (ABN Newswire) - RE: MORIARY-1, EP 426, NORTH PERTH BASIN, WESTERN AUSTRALIA
Please find attached the Empire Oil & Gas N.L. ASX Release dated 19 February 2008 for the Period 0600 hrs 18 February 2008 to 0600 hrs 19 February 2008.
During the 24-hour period drilled out 9 5/8" shoe at 614m, conducted formation integrity test and drilled ahead 8 1/2" hole from casing shoe to 680m in the Yarragadee Formation.
Background Total Gas: 616-621m 100ppm C1 (methane).
MORIARY-1 PETROLEUM EXPLORATION WELL
EP 426 NORTH PERTH BASIN
WESTERN AUSTRALIA
1. Well Name/Permit Moriary-1/EP 426, North Perth Basin, Western Australia
2. This Report is for the Period: The 24 hour period 0600 hours WST 18 February 2008 to 0600 WST 19 February 2008
3. This ASX Release Time and Date: 0930 hours 19 February 2008
4. Report No: 6
5. Spud Date/Rig: 1300 hours 12 February 2008/ADS Rig 6
6. Days since Spud: 7
7. Location of Well: Latitude 290 17' 01.469" S/Longitude 1150 20' 19.081" E
8. Elevation: G.L. 178.32 metres RKB: 182.64m
9. Total Depth: 2550m RKB
10. Targets: Cattamara Coal Measures - 2085m 'F' Sand, 2335m 'J' Sand and 2435m 'L' Sand.
11. Present Depth: 680 metres at 0600 hours, 19 February 2008.
12. Geological Summary: 616-621m at 2400 hours, 18 February 2008 Yarragadee Formation: Sandstones and claystone beds
13. Operations since last Report: Ran in hole drilled out 9 5/8" casing shoe. Conducted leak off test and drilled 8 1/2" from 615m to 680m.
14. Current Operations: Continue to run in the hole with 8 1/2" bit.
15. Future Operations: Drill out 9 5/8" shoe and conducted formation integrity test. Drill ahead in 8 1/2" hole to reservoir objectives.
16. Hydrocarbon Indications: 616m-621m - Background Gas of 100ppm C1 (methane) at 2400 hours, 18 February 2008.
17. Prospect Description: The Moriary Prospect is an anticlinal structure, similar to the Mt Horner Oilfield with reservoir objectives the 'F', 'J' and 'L' Sands of the Jurassica-aged Cattamarra Coal Measures. Potential recoverable oil reserves are estimated to be 'F' Sands 3 million barrels, 'J' Sands 4 million barrels and 'L' Sands 4 million barrels.
18. Participants in the well: Empire Oil & Gas N.L. (Operator) - 40%
Allied Oil & Gas Plc - 25%
Black Fire Energy Limited - 10%
ERM Gas Pty Ltd - 25%
Contact
Mr Craig Marshall
Managing Director
Empire Oil & Gas NL
154 Hampden Road
NEDLANDS WA 6009
Phone: 61 8 6389 2687
Facsimile: 61 8 9386 6812
E-mail : cmarshall@empireoil.com.au
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