This is the previous report also out today. What I'm curious about is the extra farminee for what was supposedly a low risk play.
WPL : WPL: Mauritania PSC C Chinguetti 6-1
ASX Report
13:00:0230 22/10/2002 Issuer: WPL
WOODSIDE PETROLEUM LIMITED 2002-10-22 ASX-SIGNAL-G
HOMEX - Perth
+++++++++++++++++++++++++
Woodside Mauritania Pty Ltd., operator of the Mauritania Area C Joint
Venture, reports that the Chinguetti-6-1 exploration well on the Thon
Prospect, in Block 6 offshore Mauritania, was spudded on 20 October
2002.
On 22 October 2002, the well had been drilled to a depth of 1377
metres and the current operation was running the 13(3/8) inch casing.
The drill ship "Deepwater Discovery" is drilling the well. The
location is approximately 125 kilometres northwest of Nouakchott.
Water depth at the location is 659 metres and the planned total depth
is 3309 metres.
Since the last report, plug and abandonment operations on
Chinguetti-4-2 were completed and the rig was handed over to the
Chinguetti-6-1 joint venture on 19 October 2002.
All reported depths (except water depth) are referenced to the rig
rotary table.
Agreement has been reached (subject to completion of formal farmout
documentation) to farmout equity in the well and in the PSC to
Petronas Carigali of Malaysia. Revised equities in the well and in
the PSC will then be as follows:
PSC C (BLOCK 6) PSC C (BLOCK 6)
(pre-farmout) (post-farmout)
Woodside Mauritania Pty Ltd 59.5% 37.58%
Hardman Resources Ltd 35.5% 22.42%
Roc Oil (Mauritania) Company 5.0% 5.00%
Petronas Carigali 0.0% 35.00%
Following guidance from the Mauritanian Government, all wells in
Mauritania follow the naming convention "Chinguetti-Block number-Well
number". Therefore the official designation of this well is
"Chinguetti-6-1".
A Niardone
ASST. COMPANY SECRETARY
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- Thon Prospect Exploration Well spudded
HDR
hardman resources limited
Thon Prospect Exploration Well spudded, page-2
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