Perth, Mar 10, 2008 AEST (ABN Newswire) - Empire Oil & Gas N.L. (ASX: EGO)(PNK: EOLGF) Drilling Progress Report dated 10 March 2008 for the Period 0600 hrs 7 March 2008 to 0600 hrs 10 March 2008. Present depth as of 0600 hours, 10 March 2008 is 2598 metres and is the total depth that the Moriary-1 well will be drilled. During the 72-hour period drilled ahead 8 1/2" hole from 2406m to 2598m. Top Cattamarra Coaly Unit 2578.5m Future Operations: Electric wireline log all oil shows recorded in the well to evaluate hydrocarbons and the formation. The decision to run further logs for formation dip and pressure will be made after the first logging run.
Oil shows - see attached.
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 72 hour period 0600 hours WST 7 March 2008 to 0600 WST 10 March 2008
3. This ASX Release Time and Date: 1030 hours 7 March 2008
4. Report No: 20
5. Spud Date/Rig: 1300 hours 12 February 2008/ADS Rig 6
6. Days since Spud: 27
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 Revised to 2600m (with DOIR approval). Total depth reached 2400 hours, 9 March 2008.
10. Targets: Cattamara Coal Measures.
11. Present Depth: 2598 metres at 0600 hours, 10 March 2008 and is the total depth of the well.
12. Geological Summary: At 0600 hours at 10 March 2008 for the interval 2405m - 2598m (the reporting period)
2405m - 2417m - Sandstones 100% medium to coarse grained, rare kaolin.
2417m - 2458m - Claystone 100% firm, slightly micaceous
2458m - 2466m - Sandstone 100% fine to coarse grained, kaolinitic in part.
2466m - 2535m - Sandstone very fine grained in grading to siltstone In part
2535m - 2555m - Claystone/shale dark grey micaceous with coal seams, black, brittle, conchoidal fracture in part
2555 m - 2570m - Sandstone 100% fine to medium grained with loose coarse grains kaolinitic
2570m - 2575m - Claystone
2575.5 m - 2578.8m - Sandstone 100% fine grained with coarse angular grains up to 40% of sample
2578.8m - 2586m - Coal black, hard, brittle angular to conchoidal fracture
2586m - 2598m - Claystone 70%, Shale 30% with coal seams
Top Cattamarra Coaly Unit: 2578.5 metres
13. Operations since last Report:
Drilled ahead 8 1/2" hole from 2406m to 2500m @ 0600 hours, 8 March 2008
Drilled ahead to 2572m @ 0600, 9 March 2008
Drilled to TD of 2598m @ 2400 hours, 9 March 2008
Commenced POOH and half way POOH @ 0600 hours 10 March 2008 .
14. Current Operations: Complete POOH before commencing wiper trip
15. Future Operations: POOH and complete a Wiper Trip before running electric wireline logging of all hydrocarbon shows recorded in Moriary-1.
16. Hydrocarbon Indications:
Oil Shows: For the interval drilled 2405m to 2598m
2409m to 2412m - Sandstone
- 2409m to 2410m - 3% dull yellow white oil fluorescence, fast to instant cut fluorescence, then
- 2410m to 2412m less than 1% fluorescence.
2458m to 2463m: Sandstone, 4% to 10% dull to moderately bright yellow white oil fluorescence,slow streaming cut
2470m to 2472m: Sandstone, at 2470m 6% dull orange to yellow fluorescence, slow streaming cut fluorescence, declining to less than 1% dull orange dull yellow fluorescence.
2575.5m to 2578.5m: Sandstone,3% dull to moderately bright fluorescence. Brown oil staining, cut fluorescence, slow streaming, yellow white cut fluorescence.
Gas Peaks:
2579m
2591m
2595m
Three peaks have similar readings as follows.
Total Gas: 4 units
Chromatograph: C1 835 ppm, C2 126 ppm, C3 104 ppm
Note 1: All oil shows recorded in the Moriary-1 well will be evaluated by electric wireline logs which will evaluate hydrocarbons present and the formation. The decision to record additional logs for formation dip and pressure data will be made after the first log run.
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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