Perth, Mar 6, 2008 AEST (ABN Newswire) - Empire Oil & Gas N.L. (ASX: EGO)(PNK: EOLGF) Drilling Progress Report dated 6 March 2008 for the Period 0600 hrs 5 March 2008 to 0600 hrs 6 March 2008. Present depth as of 0600 hours, 6 March 2008 is 2360 metres. During the 24-hour period drilled ahead 8 1/2" hole from 2301m to 2360m. Top Cadda Formation intersected 2156m. Top Cattamarra Formation 2207.5m. 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 5 March 2008 to 0600 WST 6 March 2008
3. This ASX Release Time and Date: 0930 hours 6 March 2008
4. Report No: 18
5. Spud Date/Rig: 1300 hours 12 February 2008/ADS Rig 6
6. Days since Spud: 23
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: 2360 metres at 0600 hours, 6 March 2008.
12. Geological Summary: At 2400 hours, 5 March 2008 for interval 2270 – 2345m (the reporting period)
2270m - 2290m Sandstone
2290m - 2295m Claystone
2295m -2310m Sandstones and shales
2310m - 2345m Shales
Top Cadda Formation 2156.5m
Top Cattamarra Formation 2207.5m
13. Operations since last Report: Drilled ahead 8 1/2" hole from 2301 to 2360m @ 0600 hours, 6 March 2008.
14. Current Operations: Drilling ahead at 2360m @ 0600 hours, 6 March 2008 in the Cattamarra Formation.
15. Future Operations: Drill ahead in 8 1/2" hole from 2360 metres to reservoir objectives in the Cattamarra.
16. Hydrocarbon Indications: Max Gas: 2273m - 2348m, 2.6 units Chromatograph Reading: 2273m - 2348m, 100 to 371 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
| ||
|
