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Freshwater Point 1 Exploration Well Update, Onshore Perth Basin, Western Australia – 2008-05-22

Pierre Perrin-Monlouis Dernière mise à jour: 20 octobre 2021

Origin Energy provides the following update on the Freshwater Point 1 exploration well operated by its subsidiary, Origin Energy Developments Pty Ltd.

Freshwater Point 1

Well type:
Exploration (onshore; vertical)

Perth Basin, Western Australia (EP413)

The Freshwater Point 1 surface location is 34.5 kilometres south-southeast of the township of Dongara, 25 kilometres south of the Jingemia oil plant, and 17.5 kilometres southwest of the Beharra Springs gas plant.

Surface co-ordinates for the Freshwater Point 1 drilling location are as follows:

Latitude: 29º 33’ 34.09” S
Longitude: 114º 59’ 56.84” E

Origin Energy Developments Pty Ltd* (Operator) 49.189%
ARC Energy Ltd 44.141%
Victoria Petroleum NL 5.000%
Norwest Energy NL 1.278%
Roc Oil (WA) Pty Ltd** 0.250%
J.K. Geary 0.142%

* A wholly owned subsidiary of Origin Energy Limited
** A wholly owned subsidiary of Roc Oil Company Limited

Primary target: High Cliff Sandstone (Early Permian).
Secondary targets: Intraformational sandstones of the Early Permian Irwin River Coal Measures and Holmwood Shale.

Planned total depth:
1,761 metres measured depth in Precambrian basement.

Expected duration:
Total anticipated to be reached in 2-3 days.

Progress and status:
Freshwater Point 1 commenced drilling on 11 May 2008 using the Ensign 48 drilling rig. 311 millimetre (12-1/4 inch) hole was drilled to 414 metres measured depth. 245 millimetre (9-5/8 inch) surface casing has been set at 412 metres measured depth. Surface casing operations were completed and drilling resumed on 21 May.

At 06:00 hours WST today, the activity was drilling ahead in 216 millimetre (8-1/2 inch) hole at 1,158 metres measured depth in the Kockatea Shale.

Progress since the 15 May report has been 744 metres.

For further information contact:
Paul Zealand
General Manager — Exploration and Production
Origin Energy
Phone: (07) 3858 0681
Email: [email protected]

Pierre Perrin-Monlouis
Pierre Perrin-Monlouis
Fondateur de Rente et Patrimoine (cabinet de gestion de patrimoine), Pierre Perrin-Monlouis est un analyste et trader pour compte propre. Il vous fait profiter de son expérience en trading grâce à ses analyses financières et décrypte pour vous les actualités des marchés. Son approche globale des marchés combine à la fois l'analyse technique et l'analyse fondamentale sur l'ensemble des marchés : crypto, forex, actions et matières premières.