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FIN RESOURCES LIMITED — Board/Management Information 2013
Mar 24, 2013
64920_rns_2013-03-24_32ea4c44-44ab-4288-a1ac-3063aaf0d58d.pdf
Board/Management Information
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25 March 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
Operations Update PEL 115, Cooper Basin
Orca Energy Limited (ASX: OGY) is pleased to provide the following update with respect to its exploration for unconventional gas in the Southern Cooper Basin (PEL 115, OGY 20%, SXY 80%).
Joint Venture partner and Operator of PEL 115, Senex Energy Limited (ASX: SXY) has completed fracture stimulation operations at Hornet-1 over the weekend. In total six zones have been stimulated in the Patchawarra Formation between the depths of 2,489 metres and 2,678 metres. The fracture stimulation equipment has been released from the well which will now be flowed for clean-up and production testing. Orca Energy looks forward to reporting on material updates as they occur.
Hornet-1 is the third well in a fracture stimulation program that includes other Senex 100% owned wells and Kingston Rule-1, which is also located in PEL 115. Flow testing of both Kingston Rule-1 and Hornet-1 will continue in the June quarter 2013.
Hornet-1 (PEL 115, Senex 80%, Orca 20%)
Hornet-1 was drilled by Victoria Petroleum in 2004 and intersected gas shows in the Epsilon Formation and 28 metres of net gas pay in the Patchawarra Formation. Two drill stem tests were conducted on this well and resulted in gas flowing to surface. The multi-stage fracture stimulation of this well will target additional tight gas sands within the Patchawarra Formation.
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
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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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