+++++++++++++++++++++++++ Bounty Oil & Gas NL provides the following progress report on the drilling of the Woodada #19 gas well.
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Period: 24 hours to 6am on 15/5/02.
Current Depth: 2,819 mKB (depths are in metres below the Kelly Bushing on the rig floor).
Progress: Drill ahead in 8(1/2) inch (216 mm) hole in Irwin River Coal Measures and into possible High Cliff Sandstone. Complete minor repairs. Presently preparing to drill ahead.
Hydrocarbon indications: High background gas readings with occasional gas shows (up to 2.3% gas in drilling mud) in Irwin River Coal Measures. Increased background gas readings and occasional gas shows in High Cliff Sandstone. Shows comprise predominantly of C1 and trace C2, which are associated with coal beds.
Previous Hydrocarbon Indications: Background gas in Carynginia Shale Formation
Significant gas shows in Carynginia Limestone
Background gas in Irwin River Coal Measures (up to 23% gas in drilling mud)
Primary and Secondary Targets: Please refer to previous
HDR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
