crackling south-1 exploration well drilling report, page-8

fo those interested heres the full announcement released this arvo


Crackling South-1 Exploration Well Drilling Report

Document date: Fri 28 Mar 2003 Published: Fri 28 Mar 2003 16:01:52
Document No: 235269 Document part: A
Market Flag: Y
Classification: Progress Report
WEST OIL NL 2003-03-28 ASX-SIGNAL-G

HOMEX - Perth

+++++++++++++++++++++++++
West Oil is pleased to announce that at 6:00am Crackling South-1 was
at 368.0 mRT and drilling ahead in 12-1/4" hole. Total Depth of 504
mRT has since been reached.

Well Name: Crackling South-1
Date: 28 March 2003
Permit: EP-341 Carnarvon Basin
Well Summary: Lat 21 deg 12 min 26.11 sec South
Long 115 deg 33 min 7.97 sec East

Crackling South-1 is located in a water depth of 14 metres. It is
being drilled by the Ensco 53 jackup drilling rig.

The principal objectives are the Mardie Greensand and the Birdrong
Sandstone.

Proposed Total Depth: 504 mRT
Time of Reporting: 0600hrs, WST 28/3/03
Depth at report time: 368.0 mRT (since drilled to TD 504 mRT)

Operations Since Last Report:

Drilled to 259 mRT in 17-1/2" hole, ran and cemented casing, tested
BOP's, drilled ahead in 12-1/4" hole to 368.0 mRT.

Current Operations: Drilling ahead in 12-1/4" hole.

Future Operations:

Drill ahead to TD, complete planned wireline logging program.
Hydrocarbon Indications: Hydrocarbon shows have been observed while
drilling. The nature and significance of these shows will not be
established until the results of the wireline logging program have
been evaluated.

Participants in the well:

West Oil NL 22.5%

(West Oil has entered into a financing arrangement the effect of
which is that it may only realise approximately 80% of the value of
its 22.5% interest in EP-341)

Tap Oil Limited 50%
Strike Oil NL 5%
Apache Northwest Pty Ltd 22.5%

For further information please contact:

Charles Morgan, Ph: 08-9226 2070 or email: [email protected]

cant wait for results to be available soon
in the meantime the market seems to like it so far with over 1 1/2 million traded after the bell
not bad as this ann. came out after 4 pm
well see what happens on monday


JOHN ^_^