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EMERALD RESOURCES NL — Regulatory Filings 2007
Sep 23, 2007
64849_rns_2007-09-23_517e209f-a39b-4bea-a4c4-052d62cd908b.pdf
Regulatory Filings
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EMPIRE OIL & GAS NL
ACN 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\
24 September 2007
ASX Limited Company Announcements Office Level 4 20 Bridge Street SYDNEY NSW 2000
Dear Sirs
RE: EP 104/R1 CANNING BASIN, WESTERN AUSTRALIA – UPDATE ON THE VALENTINE-1 WELL
Please find details of the progress of the drilling of the Valentine-1 exploration well, Canning Basin, Western Australia as of 0600 hours 24 September 2007.
Drilling operations at Valentine-1 have re-commenced and as at 0700 hours operations were drilling ahead at 3382 metres after repairing the drilling rig’s top drive unit.
Top drive breakdown occurred on 22 September 2007 after drilling from 3241 metres on 20 September 2007 to 3377 metres on 22 September 2007.
Electric wireline logs are to be run in the well bore at total depth and will evaluate the sections drilled where minor mud gas shows were observed.
The objective porous sandstones of the Virgin Hills Formation have not been intersected in the well to date.
Regards
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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]
VALENTINE-1 DRILLING REPORT CANNING BASIN, WESTERN AUSTRALIA
| Date: | 24 September 2007 | 24 September 2007 |
|---|---|---|
| Permit: | R1 | |
| Well Location: | Lat : 17o08’ 23.46”S Long: 123o42’ 32.40”E |
|
| Directional offset to target: | 0 metres | |
| Elevation: | Ground Level is 12.4mAMSL RotaryTable is 18.1mAMSL |
|
| Prognosed Depths (measured KB): |
Top primary objective | Total depth |
| 3,222 metres | 3,407 metres | |
| Prognosed drilling time: | 25 | days |
| Spud Date: | 1230 hrs,WST 12 August 2007 | |
| Present Depth at 0600 hrs: | 3,377mMD | |
| Time of Reporting: | 0600 hrs,WST 24 September 2007 | |
| Operations Since Last Report: |
Directionally drilled from 3241m as of 20/9/07 to 3,377m on 22/9/07 when drilling stopped due to a break-down of the top drive hydraulic unit on 22/9/07 |
|
| Current Operations: | At 0600 hrs this morning 24/9/07, repairs were almost complete and by 0700hrs the well was drilling ahead at 3382m MD. |
|
| Hydrocarbon indications: | None | |
| Comment: | Lithologies are predominantly tight dolomites and minor dolomitic sandstones and claystones of Devonian age with minor mud gas shows observed. The primary reservoir objective porous sandstones of the Virgin Hills Formation have not been intersected in the well to date. |
|
| Participants in the well (post earning): |
Empire Oil and Gas NL - 14.8% ARC Energy Limited - 38.95% (Operator) Emerald Oil & Gas NL - 12.75% Pancontinental Oil & Gas NL - 10.0% Phoenix Resources PLC - 10.0% First Australian Resources Limited - 8.0% Indigo Oil PtyLtd - 5.5% |