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EMERALD RESOURCES NL — Regulatory Filings 2007
Dec 3, 2007
64849_rns_2007-12-03_1692c232-c04e-4c92-b5c5-7ef312f141ac.pdf
Regulatory Filings
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EMPIRE OIL & GAS NL
ABN 55 063 613 730 SUITES 7 & 8 154 HAMPDEN ROAD NEDLANDS 6009 WESTERN AUSTRALIA TELEPHONE 61 8 6389 2687 FACSIMILE 61 8 9386 6812 EMAIL [email protected] WEBSITE www.empireoil.com.au\
4 December 2007
Australian Securities Exchange Limited Company Announcements Office Level 4 20 Bridge Street SYDNEY NSW 2000
Dear Sirs
RE: STOKES BAY-1, CANNING BASIN, WESTERN AUSTRALIA – UPDATE ON THE TESTING PROGRAMME
Please find details of the Stokes Bay-1 well testing.
Yours faithfully
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J L CRAIG MARSHALL Managing Director EMPIRE OIL & GAS N.L.
EMPIRE OIL & GAS N.L.
STOCK EXCHANGE RELEASE
4 December 2007
STOKES BAY-1, CANNING BASIN, WESTERN AUSTRALIA – UPDATE ON THE TESTING PROGRAMME
Further to the ASX release of 23 November 2007, ARC as the operator of the EP104/R1 Joint Venture, have advised Empire Oil & Gas N.L. that it has suspended the testing of Stokes Bay01 and removed all contractors and equipment from the site following recent rainfall.
As was anticipated, the onset of seasonal rain has limited the safe access to the well, due to the low-lying terrain around the well site. The access track and well site have become temporarily unsuitable for the safe operation of heavy oilfield equipment.
The timely testing of the Stokes Bay-01 well is a priority, and the Operator plans to recommence the Stokes Bay well testing programme as soon as safe access is available at the end of the wet season, anticipated to be around April 2008.
The nature of the reservoir fluid and the source of pressure within the reservoir remain undetermined. Should the well be commercially productive better access facilities would be constructed to allow year round production.
The next update on Stokes Bay-01 well will be issued when testing of the well recommences.
Participants in Stokes Bay 1 (post earning) are:
Empire Oil and Gas NL 14.80% ARC Energy Limited 38.95% (Operator) Emerald Oil & Gas NL 12.75% Pancontinental Oil & Gas 10.00% Phoenix Resources PLC 10.00% First Australian Resources Limited 8.00% Indigo Oil 5.50%
For further information, please contact:
J L CRAIG MARSHALL BSc (Hons), F. Aus. IMM, CPGeo Managing Director Empire Oil & Gas NL Suite 7, 154 Hampden Road, Nedlands WA 6009 Telephone: 61 8 6389 2687 Facsimile: 61 8 9386 6812 Email: [email protected]