Perth, Mar 4, 2008 AEST (ABN Newswire) - Empire Oil & Gas N.L. (ASX: EGO) Drilling Progress Report dated 4 March 2008 for the Period 0600 hrs 3 March 2008 to 0600 hrs 4 March 2008. Present depth as of 0600 hours, 4 March 2008 is 2210 metres. During the 24-hour period drilled ahead 8 1/2" hole from 2152m to 2210m. Top Cadda Formation intersected 2156m. Top âFâ sand Cattamarra reservoir predicted 2416m.
Future Operations: Drill ahead to the Cattamarra reservoir objectives.
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 3 March 2008 to 0600 WST 4 March 2008
3. This ASX Release Time and Date: 0930 hours 4 March 2008
4. Report No: 16
5. Spud Date/Rig: 1300 hours 12 February 2008/ADS Rig 6
6. Days since Spud: 21
7. Location of Well: Latitude 290 17' 01.469" S/Longitude 1150 20â 19.081" E
8. Elevation: G.L. 178.32 metres RKB: 182.64m
9. Total Depth: 2550m RKB
10. Targets: Cattamara Coal Measures.
11. Present Depth: 2210 metres at 0600 hours, 4 March 2008.
12. Geological Summary: At 2400 hours, 3 March 2008 (the reporting period)
2125m â 2155m - Sandstone well cemented (Basal Yarragadee)
2155m - 2185m - Claystone, sl.calcitic, dolomite fragments, pyritic in part (Cadda Formation)
Top Cadda Fm 2156.5m
Top Cattamarra Formation 'F' Sand predicted at 2416m
13. Operations since last Report: Drilled ahead 8 1/2" hole from 2152 to 2210m @ 0600 hours, 4 March 2008. Slow drilling in hard sandstones and claystones of Cadda Formation.
14. Current Operations: Drilling ahead at 2210m @ 0600 hours, 4 March 2008.
15. Future Operations: Drill ahead in 8 1/2" hole from 2210 metres to reservoir objectives in the Cattamarra.
16. Hydrocarbon Indications: Gas Peak: 2127m - 2186m, 2 units (Slow drilling) Chromatograph Reading: 2127m - 2186m, 100 to 500 ppm C1.
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
Managing Director
Mr Craig Marshall
TEL: +61-8-6389-2687
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