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Melbourne, Oct 22, 2012 (ABN Newswire) - MEO Australia Limited (
ASX:MEO) (OTCQX:MEOAY) advises the following update in relation to the Gurame SE-1X well being drilled offshore North Sumatra in the Seruway PSC using the Hercules #208 drilling rig.
Since the last report, the hole was conditioned prior to running casing. When the drill string was retrieved some 35m of the bottom hole assembly (BHA) remained in the hole. A decision was made to plug back and sidetrack the hole rather than attempt to retrieve the section of BHA.
The well has been plugged back to 2,048mMDRT and the sidetrack is currently drilling ahead in 12 1/4" hole at 2,099mMDRT.
The forward plan is to drill 12 1/4" hole to the top of the Baong sands and install 9 5/8" casing prior to drilling out into the first target reservoir, the Baong sands.
Progress Summary
Progress since last report:
- Conditioned 12 1/4" hole prior to re-running casing
- Left 35m of bottom hole assembly in the hole
- Plugged back to 2,048m and commenced drilling sidetrack
Present Operation (at 22.00hrs Jakarta time, 21st October)
- Drilling ahead in 12 1/4" sidetrack hole at 2,099mMDRT
Outlook:
- Drill sidetrack to top of Baong sands
- Run and cement 95/8" casing
- Drill and cut cores to approximately 3,374mMDRT
An overview of Gurame is provided overleaf and a detailed technical supplement is attached, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-MEO-380794.pdf
ASX:MEO) (OTCQX:MEOAY) advises the following update in relation to the Gurame SE-1X well being drilled offshore North Sumatra in the Seruway PSC using the Hercules #208 drilling rig.Since the last report, the hole was conditioned prior to running casing. When the drill string was retrieved some 35m of the bottom hole assembly (BHA) remained in the hole. A decision was made to plug back and sidetrack the hole rather than attempt to retrieve the section of BHA.
The well has been plugged back to 2,048mMDRT and the sidetrack is currently drilling ahead in 12 1/4" hole at 2,099mMDRT.
The forward plan is to drill 12 1/4" hole to the top of the Baong sands and install 9 5/8" casing prior to drilling out into the first target reservoir, the Baong sands.
Progress Summary
Progress since last report:
- Conditioned 12 1/4" hole prior to re-running casing
- Left 35m of bottom hole assembly in the hole
- Plugged back to 2,048m and commenced drilling sidetrack
Present Operation (at 22.00hrs Jakarta time, 21st October)
- Drilling ahead in 12 1/4" sidetrack hole at 2,099mMDRT
Outlook:
- Drill sidetrack to top of Baong sands
- Run and cement 95/8" casing
- Drill and cut cores to approximately 3,374mMDRT
An overview of Gurame is provided overleaf and a detailed technical supplement is attached, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-MEO-380794.pdf
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About MEO Australia Limited
MEO Australia Ltd (ASX:MEO) (OTCQX:MEOAY) is an ASX listed, independent oil and gas company focused on building a substantial Australian and international E&P business servicing the rapidly growing Asian energy markets.
The Company has assembled a portfolio of exploration, appraisal and development stage opportunities on the NW Shelf, the Ashmore Cartier and the Timor Sea regions in Australia, offshore North Sumatra, and on Madura Island, East Java in Indonesia and the Gulf of Thailand.
MEO has also attracted a high calibre Board of Directors and proven Executive, Technical and Commercial talent with a demonstrated track record of attracting and partnering with globally recognised industry participants.
MEO Australia is listed on the Australian Stock Exchange (ASX: MEO, OTC: MEOAY) and is headquartered in Melbourne, Australia.
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