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ORIGIN ENERGY LIMITED — Capital/Financing Update 2015
May 10, 2015
65507_rns_2015-05-10_354f9026-19a7-48a5-b430-9ba463842331.pdf
Capital/Financing Update
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ASX Announcement 11 May 2015
Yolla-6 development well reaches Total Depth
AWE Limited (ASX: AWE) advises that the Operator of the BassGas joint Venture in permit T/L1, Origin Energy (ASX: ORG), has confirmed that the the Yolla-6 development well has reached a Total Depth of 3,653m Measured Depth below Rotary Table (MDRT).
Yolla-6 successfully intersected the primary reservoir targets located in the Paleocene EVCM sands (“2755”, “2807” and “2973”). The well has been logged and preparations are in place to case and complete the well before being commissioned for production and tied-in to the Yolla facility.
The well was drilled using the West Telesto jack up rig, which will move back to complete drilling of the Yolla-5 well at the conclusion of Yolla-6 operations. The Yolla-5 and Yolla-6 development wells are being batch drilled and represent Stage 2 of the BassGas Mid Life Enhancement (MLE) project.
The BassGas project consists of the Yolla offshore well head platform connected by pipeline to the gas processing facility at Lang Lang, Victoria. The Yolla platform is located in Bass Strait, approximately 140km offshore from Kilcunda, Victoria.
| The BassGas Joint Venture partners in T/L1 are: | |
|---|---|
| AWE Limited (via subsidiaries) | 35.00% |
| Origin Energy Resources Limited (Operator) | 42.50% |
| Toyota Tsusho Gas E&P Trefoil Limited | 11.25% |
| Prize Petroleum International Pte. Ltd | 11.25% |
About AWE Limited.
AWE Limited is an Australian based energy company focused on upstream oil and gas and related energy opportunities. Established in 1997 and listed on the ASX, the Company is headquartered in Sydney, Australia, with international operating offices in New Zealand and Indonesia. AWE has built a substantial portfolio of production, development and exploration assets in Australia, New Zealand, USA, Indonesia and China. With its strong technical base and disciplined financial management, AWE will continue to pursue exploration, appraisal and development growth opportunities in Australasia and Asia.
For information please see our website www.awexplore.com or contact:
Investor Relations Media Enquiries Matthew Sullivan Ian Howarth AWE Limited Collins St Media 02 8912 8022 03 9600 1979 [email protected] [email protected]
AWE LIMITED LEVEL 16, 40 MOUNT STREET NORTH SYDNEY NSW 2060 AUSTRALIA P +61 2 8912 8000 F +61 2 9460 0176 E [email protected] ABN 70 077 897 440 www.awexplore.com
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