oil in tomcat, page-22

re: 21m oil shows in tomcat VicPet testing oil shows
12:12, Thursday, 18 January 2007

Sydney - Thursday - January 18: (RWE Australian Business News) -
Victoria Petroleum NL (VPE), as operator for the PEL115 Joint Venture
advises that under the terms of the PPL 93 Wilpinnie North Block Farmout
Agreement with the PPL 93 Joint Venture, drilling of the Wilpinnie-4
well to test the Tomcat Prospect commenced at 1730 hours Central
Standard Time (CST) on the 9 January.
At 0600 hours CST today, the current operation was running
open hole Drill Stem Test #1 over the interval 1,475 - 1,487 metres to
test the oil shows observed while drilling and coring in the mid Namur
Sandstone to date.
The start of the oil show interval seen in Wilpinnie-4 at 1,446
metres is approximately 17 metres high to the same oil shows seen in
Wilpinnie-3.
Wilpinnie-4 is being drilled 200 metres northwest and up dip of
the Wilpinnie-3 well which on an open hole drill stem test of the mid
Namur sand interval from 1,480 -1,494 metres measured depth
flowed 45 degree API oil to surface on a one half inch choke at an
initial rate of 785 barrels of oil per day decreasing to 41 barrels of
oil per day and 20 barrels of water per day.
Wilpinnie -3 lies in the northern portion of PPL 93 and was
drilled in 1993.
Santos Limited, the operator for the PPL 93 Joint Venture, is
drilling Wilpinnie-4 to a total depth of 1,586 metres.