OIP 0.00% 4.3¢ orion petroleum limited

nyngynderry1 weekly drilling progress report

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    A weekly drilling report has just been released:

    SYDNEY: Orion Petroleum Limited (ASX:OIP)
    today said that Nyngynderry-1 was drilling ahead
    at 770 mKB towards the first of multiple reservoir
    objectives.
    Drilling of the Nyngynderry-1 well commenced at
    6 pm on 3 September. The well then drilled to
    505 mKB, where 9 5/8” surface casing was set
    prior to the resumption of drilling on 9 September
    in 8 1/2” hole.
    Nyngynderry-1, located in PEL 8, will be drilled to
    a total depth of about 2,500 metres by Ensign
    Australia using Rig 30.
    The Nyngynderry prospect is a high relief anticline
    and the well has been located to intersect all
    reservoir targets near the apex of the structure.
 
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