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Energy

Carnarvon Petroleum Ltd updates on progress at Outtrim East-1

Carnarvon Petroleum Ltd (ASX:CVN) has provided an update on drilling operations as advised by the operator of the Outtrim East-1 well, Quadrant Energy.

The Outtrim East-1 well is located within the WA-155-P(1) exploration permit in the North West Shelf of Australia.

Quadrant (71.5%) is the operator, with Carnarvon 28.5%. The expected cost to Carnarvon for the well is expected to be $10.5 million.

Progress

The well has reached the 12-1/4” hole section TD at a depth of 1,011 metres.

Carnarvon notes that the first casing string was set shallower than expected due to drilling challenges in the shallow-hole section of the well around 400 metres, which had resulted in a delay of 10 days.

The well has successfully drilled through this challenging section.

Current operations

The well is currently rigging up to run the 9-5/8” casing liner at section Total Depth (TD) of 1,011 metres.

Forward Plan

After the 9-5/8” casing liner has been cemented, drilling will continue to the expected oil zone where 90 metres of conventional coring will take place.

After obtaining the core, the final section of the well will be drilled to a TD of 1,440 metres.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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