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FIN RESOURCES LIMITED — Board/Management Information 2012
Oct 16, 2012
64920_rns_2012-10-16_ac848d3a-14f9-4ea8-a3f7-a8544b4aaf28.pdf
Board/Management Information
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17 October 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 Update
Mr Denis Patten NON-EXECUTIVE DIRECTOR
Mr Arthur Pitts ALTERNATE DIRECTOR
Orca Energy Limited (ASX: OGY) is pleased to announce that the Weatherford Drill Rig 826 has now been mobilised to site at Kingston Rule-1 after successfully drilling its first unconventional gas exploration well for Orca’s JV partner and operator, Senex Energy Limited (ASX: SXY) in the adjacent PEL 516 (Skipton-1).
The Kingston Rule-1 location in PEL 115 has been selected to target the greatest net thickness of potential shale, siltstone and tight sandstone in the Roseneath-EpsilonMurteree targets, as well as potential net pay in the Patchawarra tight sand intervals.
The location of block PEL 115 is significantly strategic as it is completely surrounded by PEL 516, where Senex estimates over 100Tcf Gas-in-Place from shales and coals alone (Figure 1.). Senex recently announced a “significant gas discovery” at Skipton-1, including more than 75m of net pay in the Patchawarra Formation and 164m of gas charged Roseneath and Murteree shales.
Spudding of Kingston Rule-1 is expected to occur within the week
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
For and on behalf of the Board
WEBSITE
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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: PEL 115 - Completely surrounded by Senex’s 100% owned PEL 516
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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