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EMERALD RESOURCES NL — Regulatory Filings 2007
Sep 16, 2007
64849_rns_2007-09-16_eb41eb6b-c6d4-496c-888a-818d3945bd5e.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\
17 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 attached a release providing details of the progress of the drilling of the Valentine-1 exploration well, Canning Basin, Western Australia as of 0600 am 17 September 2007.
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: | 17 September 2007 | 17 September 2007 |
|---|---|---|
| Permit: | R1 | |
| Well Location: | Lat : 17o08’ 23.46”SLong: 123o42’ 32.40”E | |
| Directional offset to target: | 0 metres | |
| Elevation: | Ground Level is 12.4mAMSLRotaryTable 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: | 3,234mMD | |
| Time of Reporting: | 0600 hrs,WST 17 September 2007 | |
| Operations Since LastReport: | Continue to directionally drill ahead to proposed TD. | |
| Current Operations: | DrillingAhead | |
| Hydrocarbon indications: | Since the last report, the well has drilled through interbeddedlimestones and thin claystones with minor mud gasobserved. | |
| Comment: | Since the last report on Thursday September 13th, the wellhas been deepened from 3038m MD to the current depth.Lithologies encountered are predominantly tight limestonesand minor claystones of Devonian age with minor mud gasshows observed. The primary objective clastic units of theVirgin Hills Formation haveyet to be intersected. | |
| 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% |