CORNEA-3 WA-342-P, BROWSE BASIN OFFSHORE FROM WESTERN AUSTRALIA PROGRESS REPORT NO. 5 Moby Oil & Gas Limited (ASX code: MOG) advises that drilling operations at Cornea 3 have continued, as planned, since the date of the last progress report on 21 December 2009. Over the last two days, the well was drilled to a depth of 778 metres and set behind 12 casing. The forward plan is to set and cement 9 5/8 casing; pressure test blowout preventers and then prepare to drill an 8 hole. The expectation, as previously advised, remains that the well will be drilled into the targeted reservoir formation on 24 December 2009 and a suite of logs and other tests conducted on 24 December and 25 December.
MOG Price at posting:
20.5¢ Sentiment: Hold Disclosure: Held
