Oil Basins Limited (ASX:OBL) Backreef-1 Drilling Report No.6 At Canning Basin Operations
Melbourne, Oct 22, 2010 AEST (ABN Newswire) - Oil Basins Limited (
ASX:OBL) wish to make the following ASX announcement relating to the drilling operations at Backreef-1, Backreef Area, Canning Basin, onshore Western Australia (WA):
1. As at 6:00am WST 22 October, drilling with a 216mm (8-1/2 inch) diameter bit, had drilled from 744mRT to 963mRT.
2. Present operations - drilling ahead at 963mRT.
Summary of the predicted and assessed actual formation tops defined so far by Backreef-1 are:
----------------------------------------------------------Formation Predicted Formation Top Actual Formation Top mRT mRT----------------------------------------------------------Blina Shale 54.4 45----------------------------------------------------------Liveringa 74.4 80----------------------------------------------------------Noonkanbah 201.4 185----------------------------------------------------------Poole Sandstone Upper Member 439.4 415----------------------------------------------------------Nura Nura Member 468.4 450----------------------------------------------------------Grant A 516.4 520----------------------------------------------------------Grant B 610.4 615----------------------------------------------------------Lower Laurel Member 884.4 889----------------------------------------------------------Yellow Drum Equivalent 910.4 910----------------------------------------------------------Gumhole Formation 968.4 955*----------------------------------------------------------May River Unit 1236.4----------------------------------------------------------Clanmeyer Formation 1278.4----------------------------------------------------------Target Clanmeyer Clastics (ssts) 1500----------------------------------------------------------Total Depth (TD) 1600----------------------------------------------------------*Preliminary
In accordance with ASX Listing Rules, during the conduct of Backreef-1 drilling operations, OBL will advise the market weekly (on Thursdays), or after concluding an important well drilling operation and/or obtaining an important assessment or result. By funding 100% of the drilling and completion costs of Backreef-1, OBL is earning up to 90% of Backreef-1 and the Backreef Area.For the complete Oil Basins announcement including figures, please refer to the following link:http://www.abnnewswire.net/media/en/docs/64013-ASX-OBL-344157.pdf
Contact
Kim McGrath
Chairman
Oil Basins Limited
Tel: +61-3-9692-7222
Email: admin@oilbasins.com.au
http://www.oilbasins.com.au
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