re: + drilling of arwon--countdown +
29 September 2004 Australian Stock Exchange Limited Companies Announcement Office Electronic Lodgement System
Dear Sir, ANNOUNCEMENT TO ASX DRILLING REPORT: ARWON # 1 PEL 93, COOPER/EROMANGA BASIN, SA
Stuart Petroleum advises that some faults with the BOP system were identified whilst pressure testing. These faults are being rectified and the system testing will be completed prior to running in the hole to commence drilling.
The McKinlay formation is the first of the primary objectives at a prognosed depth of 1374 metres. The status of Arwon # 1 at 0600 hours (CST) on 29 September 2004 was: Location: PEL 93, 55km south-west of Moomba
Planned Total Depth: 1930 metres Current depth: 790 metres Operations: Repairing BOP system Spud: 02.00hrs, 23 September 2004
Participants in the Arwon Joint Venture are: Stuart Petroleum Limited (Operator) 88.8% (STU) Cooper Energy NL 11.2% (COE)
STU Price at posting:
0.0¢ Sentiment: None Disclosure: Held
