Monday, May 03, 2004 6:28:40 AM
Austral Pacific Cheal-A3X well drilled to 1,820 metres
2004-05-03 06:15 ET - News Release
An anonymous director reports
CHEAL DRILLING PROGRESS FROM OIL AND GAS EXPLORER AUSTRAL PACIFIC
Austral Pacific Energy advises that the Cheal-A3X well has been drilled to a depth along hole of 1,820 metres (5,900 feet) at 6 a.m. NZST, May 3.
The well has intersected the Mt Messenger sandstones which are the deeper exploration target of the well.
Oil and gas shows have been encountered in sandstones below 1,750 metres (5,700 feet).
These compare favourably with those originally observed (but never flow tested), in the Cheal-1 well, which is approximately 500 metres to the south.
The significance of these shows cannot be assessed until electric logs are run in the well after it reaches its target depth at 1,900 metres (6,200 feet) along hole. It is expected that this depth will be reached in the next 24 hours.
Any decision as to whether or not to case Cheal-A3X and flow test these sandstones or the previously reported Cheal sands encountered higher in the well, will await completion of the electric logging program and the analysis of that information.
2004-05-03 06:15 ET - News Release
An anonymous director reports
CHEAL DRILLING PROGRESS FROM OIL AND GAS EXPLORER AUSTRAL PACIFIC
Austral Pacific Energy advises that the Cheal-A3X well has been drilled to a depth along hole of 1,820 metres (5,900 feet) at 6 a.m. NZST, May 3.
The well has intersected the Mt Messenger sandstones which are the deeper exploration target of the well.
Oil and gas shows have been encountered in sandstones below 1,750 metres (5,700 feet).
These compare favourably with those originally observed (but never flow tested), in the Cheal-1 well, which is approximately 500 metres to the south.
The significance of these shows cannot be assessed until electric logs are run in the well after it reaches its target depth at 1,900 metres (6,200 feet) along hole. It is expected that this depth will be reached in the next 24 hours.
Any decision as to whether or not to case Cheal-A3X and flow test these sandstones or the previously reported Cheal sands encountered higher in the well, will await completion of the electric logging program and the analysis of that information.
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