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FIN RESOURCES LIMITED — Board/Management Information 2012
Nov 4, 2012
64920_rns_2012-11-04_6f07067f-026a-4547-9a86-1c5d43ff8714.pdf
Board/Management Information
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5 November 2012
Manager of Company Announcements ASX Limited
Level 8 Exchange Plaza 2 The Esplanade PERTH WA 6000
By E-Lodgement
BOARD & MANAGEMENT
Mr Greg Bandy EXECUTIVE DIRECTOR
Mr Jason Bontempo NON-EXECUTIVE DIRECTOR
Mr Jeremy King NON-EXECUTIVE DIRECTOR
Kingston Rule-1 Drilling Update
Orca Energy Limited (ASX: OGY) is pleased to announce that its first unconventional gas exploration well, Kingston Rule-1, is on schedule and is currently at a depth of 2,083 metres. In accordance with the well program the Operator, Senex Energy Limited (ASX: SXY), is currently running and cementing 9[5/8] inch casing in the well.
Following completion of these casing operations the Operator will drill out the casing shoe and drill ahead with 8[1/2] inch hole to the top of the Permian section. The basal section of the Roseneath, Epsilon and Murteree Formations and the upper section of the Patchawarra Formation will be cored to measure gas contents through each of the shale and siltstone intervals. Laboratory desorption tests will be conducted on cored sections to establish gas content and gas composition.
The Patchawarra Formation in the Mettika Embayment contains thick, tight sandstone reservoirs and numerous coal seams in a predominantly sandy sequence. Four core intervals are proposed to evaluate the potential for shale and siltstone reservoirs in the upper Patchawarra and both the coal seams and significant tight gas sand reservoirs in the lower Patchawarra.
The target depth of the well is approximately 2,900 metres. Orca holds a 20% interest in the permit and is free-carried through the drilling of the well by Senex.
Mr Denis Patten NON-EXECUTIVE DIRECTOR
Mr Arthur Pitts ALTERNATE DIRECTOR
Ms Rebecca Sandford Ms Shannon Robinson JOINT COMPANY SECRETARY
REGISTERED OFFICE Ground Floor 1 Havelock Street West Perth WA 6005
POSTAL ADDRESS PO Box 1440 West Perth WA 6872
CONTACT DETAILS Tel: +61 8 9488 5220 Fax: +61 8 9324 2400
WEBSITE
www.orcaenergy.com.au
For and on behalf of the Board
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Greg Bandy Executive Director
SHARE REGISTRY Advanced Share Registry 150 Stirling Highway Nedlands WA 6009
ASX CODE OGY
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Figure 1: Location of Kingston Rule-1 and Skipton-1
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Ground Floor, 1 Havelock Street, West Perth WA 6005 | Tel: +61 8 9488 5220 | Fax: +61 8 9324 2400 | www.orcaenergy.com.au ABN 25 009 121 644