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FIN RESOURCES LIMITED — Board/Management Information 2013
Nov 5, 2013
64920_rns_2013-11-05_008cd601-1c56-47e7-88b1-f583fc399154.pdf
Board/Management Information
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6 November 2013
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
Burruna Drilling Update
Orca Energy Limited (“ Orca ” or the “ Company ”) (ASX: OGY) is pleased to provide the following drilling update from Joint Venture Partner and Operator, Senex Energy Limited (“ Senex ” ASX: SXY).
Highlights
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Burruna‐3 appraisal well to spud later this week to provide further oil production from the high quality Namur reservoir
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Burruna‐2 now free‐flowing oil at a constrained rate of 1,000 bopd
Burruna‐3 (OGY 20%)
Appraisal well Burruna‐3, which will spud later this week, is expected to accelerate production from the prolific Namur Formation following the success of Burruna‐2, which flowed at rates of up to 3,600 bopd.
Burruna‐3 is located 564 metres southeast of Burruna‐2 and is expected to be drilled to a total depth of 1,666 metres. Burruna‐3 will access the southern extent of the structural closure associated with Burruna‐2 (see Figure 1).
Burruna‐2 (OGY 20%)
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
SHARE REGISTRY Advanced Share Registry 150 Stirling Highway Nedlands WA 6009
ASX CODE OGY
The Burruna‐2 oil discovery has been completed for production and is now free‐flowing oil at a constrained rate of approximately 1,000 bopd. Burruna‐2 intersected 5.3 metres of net oil pay in the Namur Formation and free‐flowed oil to surface at a rate of more than 3,600 bopd during testing.
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Figure 1.
For and on behalf of the Board
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Greg Bandy Executive Director
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