Notice NZO is now ECH - was wondering why NZO wasn't also issuing an announcement!? They have under ECH - so the Trio drilling is TEG, STX & ECH
NZO previously summed up the drill:
"NZO is excited to be drilling in the prolific Perth Basin with this exploration well that looks to extend the
gas play fairway further North. The well is expected to drill for up to 3 weeks to reach a measured along
hole depth of ca. 2900 m which equates to ca. 2440 m vertically. It is designed to test the Kingia
formation -the primary target- productive in adjacent blocks; as well as targeting several other
potentially productive intervals along the trajectory."
Now updated today:
The Booth prospect hosts multiple oil and gas targets, with a Prospective Resource range of 113 Bcf
(billion cubic feet of gas) to 540 Bcf with a Best Estimate of 279 Bcf (Gross 100%, on-block). The well has
a prognosed total depth of 2,900m (measured depth) and is expected to take around three weeks to drill.
The well will deviate 800m to the south-east from the surface location to intersect the three prospective
reservoirs that are offset in depth and will have a true vertical depth of 2,670m (see Figure 3).
We await timing of results from Stage 1, Stage 2 & Stage 3!!!
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- Ann: Drilling starts at Booth-1 well in North Perth Basin
Ann: Drilling starts at Booth-1 well in North Perth Basin, page-8
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