Perth, Mar 5, 2008 AEST (ABN Newswire) - Empire Oil & Gas N.L. (ASX: EGO) Drilling Progress Report dated 5 March 2008 for the Period 0600 hrs 4 March 2008 to 0600 hrs 5 March 2008. Present depth as of 0600 hours, 5 March 2008 is 2301 metres. During the 24-hour period drilled ahead 8 1/2" hole from 2210m to 2301m.
Top Cadda Formation intersected 2156m.
Top Cattamarra Formation 2207.5m.
Top Cattamarra 'F' sand predicted at 2385m beneath the sealing Cattamarra 'E' shale predicted at 2330 metres.
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 4 March 2008 to 0600 WST 5 March 2008
3. This ASX Release Time and Date: 0930 hours 4 March 2008
4. Report No: 17
5. Spud Date/Rig: 1300 hours 12 February 2008/ADS Rig 6
6. Days since Spud: 22
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.
11. Present Depth: 2301 metres at 0600 hours, 5 March 2008.
12. Geological Summary: At 2400 hours, 4 March 2008 for interval 2185 - 2270m (the reporting period)
2185m - 2190m Claystone
2190m - 2215m Sandstones with interbedded claystones grading to hard shale
2215m - 2270m Sandstone
Top Cadda Formation 2156.5m
Top Cattamarra Formation 2207.5m
Top Cattamarra 'F' sand predicted at 2385m beneath the sealing Cattamarra 'E' shale predicted at 2330m.
13. Operations since last Report: Drilled ahead 8 1/2" hole from 2210 to 2301m @ 0600 hours, 5 March 2008.
14. Current Operations: Drilling ahead at 2301m @ 0600 hours, 5 March 2008 in the Cattamarra Formation.
15. Future Operations: Drill ahead in 8 1/2" hole from 2301 metres to reservoir objectives in the Cattamarra.
16. Hydrocarbon Indications: Max Gas: 2186m - 2273m, 2.1 units Chromatograph Reading: 2186m - 2273m, 90 to 400 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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