DRILLING REPORT: ARWON # 1 PEL 93, COOPER/EROMANGA BASIN, SA
Stuart Petroleum advises that some faults with the BOP system were identified whilst pressure testing. These faults will be rectified and retested prior to any recommencement of drilling operations.
The McKinlay formation is the first of the primary objectives at a prognosed depth of 1374 metres. The status of Arwon # 1 at 0600 hours (CST) on 30 September 2004 was: Location: PEL 93, 55km south-west of Moomba Planned Total Depth: 1930 metres Current depth: 790 metres
Operations: Repairing BOP system
Spud: 02.00hrs, 23 September 2004 Participants in the Arwon Joint Venture are: Stuart Petroleum Limited (Operator) 88.8% (STU) Cooper Energy NL 11.2% (COE)
STU Price at posting:
0.0¢ Sentiment: None Disclosure: Held
