Replies to post #805 on Tackler's trades

[Tackler]

Austral Pacific prepares to test Cheal-A3X well

2004-05-06 05:20 ET - News Release

An anonymous director reports

OIL AND GAS EXPLORER AUSTRAL PACIFIC TO FLOW TEST CHEAL-A3X

Austral Pacific Energy advises that electric logging of the Cheal-A3X well has been completed and the results reviewed. The decision has been taken to case the well in preparation for production testing, and casing running operations are now under way.

Two separate zones will be flow tested in the well.

Urenui sandstones over an interval of approximately 40 metres (120 feet) below 1,400 metres (4,600 feet) along hole, are similar to, but more extensive than, those already tested in the nearby Cheal-1 well, which flowed at rates of around 50 barrels per day.

Mt Messenger sandstones over an interval of approximately 45 metres (150 feet) below 1,760 metres (5,800 feet) along hole, are similar to less extensive sands in Cheal-1, which also had log indications of oil charge, but were not tested.

The Mt Messenger sandstones in Cheal-A3X appear to be of similar quality and extent to typical Mt Messenger producer wells in the Ngatoro and Kaimiro oil fields.

Testing operations are scheduled to commence within two weeks, after on-site pipework installation has been completed.

The wellheads of all three wells, Cheal-1, Cheal-2 and Cheal-A3X are on the same site, and a common oil separator system on site, serves all three wells.