ASX / MEDIA RELEASE Sea Lake 1 Exploration Well Update. Onshore Murray Basin, Victoria FairStar Resources Ltd provides the following update on the Sea Lake 1 Well operated by Knight Industries Pty Ltd. Sea Lake 1 Well is an onshore, vertical exploration well located in the Murray Basin Victoria in PEP 165. The drill pad location is approx 5km east of the Sea Lake township. Surface coordinates are Latitude 35 30 13.20 S Longitude 142 55 11.50 E Progress and Status. Sea Lake 1 well commenced drilling Sunday 22nd June at 1700 Hours using the Hunt Energy Rig No. 3. Drilling commenced using a 12 ¼ inch hole out from a 16 inch set conductor pipe at 4 metres. Planned activities will be to continue drilling to surface casing depth of approx 240m and set casing. At 0600 hours today the drilling depth was 100m and drilling ahead using a 12 ¼ inch bit and running 6” drill collars after the 8” drill collars. For more information: Kevin J Robertson Managing Director Fairstar Resources Limited website: www.fairstarresources.com
FAS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
