fo those interested heres the full announcement released this arvo
Crackling South-1 Exploration Well Drilling Report
Document date: Fri 28 Mar 2003 Published: Fri 28 Mar 2003 16:01:52 Document No: 235269 Document part: A Market Flag: Y Classification: Progress Report WEST OIL NL 2003-03-28 ASX-SIGNAL-G
HOMEX - Perth
+++++++++++++++++++++++++ West Oil is pleased to announce that at 6:00am Crackling South-1 was at 368.0 mRT and drilling ahead in 12-1/4" hole. Total Depth of 504 mRT has since been reached.
Well Name: Crackling South-1 Date: 28 March 2003 Permit: EP-341 Carnarvon Basin Well Summary: Lat 21 deg 12 min 26.11 sec South Long 115 deg 33 min 7.97 sec East
Crackling South-1 is located in a water depth of 14 metres. It is being drilled by the Ensco 53 jackup drilling rig.
The principal objectives are the Mardie Greensand and the Birdrong Sandstone.
Proposed Total Depth: 504 mRT Time of Reporting: 0600hrs, WST 28/3/03 Depth at report time: 368.0 mRT (since drilled to TD 504 mRT)
Operations Since Last Report:
Drilled to 259 mRT in 17-1/2" hole, ran and cemented casing, tested BOP's, drilled ahead in 12-1/4" hole to 368.0 mRT.
Current Operations: Drilling ahead in 12-1/4" hole.
Future Operations:
Drill ahead to TD, complete planned wireline logging program. Hydrocarbon Indications: Hydrocarbon shows have been observed while drilling. The nature and significance of these shows will not be established until the results of the wireline logging program have been evaluated.
Participants in the well:
West Oil NL 22.5%
(West Oil has entered into a financing arrangement the effect of which is that it may only realise approximately 80% of the value of its 22.5% interest in EP-341)
cant wait for results to be available soon in the meantime the market seems to like it so far with over 1 1/2 million traded after the bell not bad as this ann. came out after 4 pm well see what happens on monday
