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Melbourne, Oct 16, 2012 (ABN Newswire) - Oil Basins Limited (
ASX:OBL) wishes to make the following ASX Announcement, so as to keep the market fully informed.
The Company, as designated Operator on behalf of the Backreef Area Joint Venture (OBL net 80% and Green Rock Energy Limited (ASX:GRK) net 20% beneficial interests respectively), has since mid-August 2012 been advancing approvals for the drilling of the East Blina-1 petroleum exploration well within L6 in the Canning Basin (Figure 1). As previously advised site clearing operations commenced on 6 October 2012 and rig-up with the Dynamic Drilling Rig #17 commenced on 14 October 2012.
The Company is pleased to advise it has overnight attained final approval from the Department of Mines and Petroleum (DMP) of the Environment Plan (EP) and with all DMP approvals and third-party consents now in-place (and operations preparation well advanced) the East Blina-1 well is anticipated to spud later today, 16 October 2012 (with no rig or equipment standby cost penalties incurred).
EAST BLINA-1 PETROLEUM EXPLORATION WELL
Interests: OBL 80%, GRK 20%
Operator: Oil Basins Limited
Spud Date: 16 October 2012*
Total Depth: 1210m
Target: Basal Yellow Drum dolomites - Laurel oil play (gross reservoir column 27m)
Duration: Less than 11 days* from spud-date (circa 27 October 2012) - drill and logging and wireline testing/sampling and PVT (as appropriate)
* Anticipated subject to change
In accordance with ASX Listing Rules, during the conduct of East Blina-1 drilling operations, OBL on behalf of the Backreef Area Joint Venture will advise the market weekly (on Thursdays), or as soon as possible after concluding an important well drilling operation and/or obtaining an important assessment or result.
View the complete Oil Basisn announcement including Figure 1 at the link below:
http://media.abnnewswire.net/media/en/docs/ASX-OBL-380471.pdf
ASX:OBL) wishes to make the following ASX Announcement, so as to keep the market fully informed.The Company, as designated Operator on behalf of the Backreef Area Joint Venture (OBL net 80% and Green Rock Energy Limited (
ASX:GRK) net 20% beneficial interests respectively), has since mid-August 2012 been advancing approvals for the drilling of the East Blina-1 petroleum exploration well within L6 in the Canning Basin (Figure 1). As previously advised site clearing operations commenced on 6 October 2012 and rig-up with the Dynamic Drilling Rig #17 commenced on 14 October 2012.The Company is pleased to advise it has overnight attained final approval from the Department of Mines and Petroleum (DMP) of the Environment Plan (EP) and with all DMP approvals and third-party consents now in-place (and operations preparation well advanced) the East Blina-1 well is anticipated to spud later today, 16 October 2012 (with no rig or equipment standby cost penalties incurred).
EAST BLINA-1 PETROLEUM EXPLORATION WELL
Interests: OBL 80%, GRK 20%
Operator: Oil Basins Limited
Spud Date: 16 October 2012*
Total Depth: 1210m
Target: Basal Yellow Drum dolomites - Laurel oil play (gross reservoir column 27m)
Duration: Less than 11 days* from spud-date (circa 27 October 2012) - drill and logging and wireline testing/sampling and PVT (as appropriate)
* Anticipated subject to change
In accordance with ASX Listing Rules, during the conduct of East Blina-1 drilling operations, OBL on behalf of the Backreef Area Joint Venture will advise the market weekly (on Thursdays), or as soon as possible after concluding an important well drilling operation and/or obtaining an important assessment or result.
View the complete Oil Basisn announcement including Figure 1 at the link below:
http://media.abnnewswire.net/media/en/docs/ASX-OBL-380471.pdf
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About Oil Basins Limited
Oil Basins Limited (ASX:OBL) is engaged in the investment in selected exploration production and development opportunities in the upstream oil and gas sector. Oil Basins Limited was listed on the ASX on 23 August 2006 and is involved in exploration for oil and gas initially in the offshore Gippsland Basin waters of south-eastern Australia and the onshore Canning Basin of Western Australia. Since listing the Company has increased its leverage across all of its assets and has increased its exposure to attractive and prospective areas with the Canning Basin.
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>>>      Green Rock Energy Limited>>>        Oil Basins Limited |
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