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Orchard Petroleum Limited
ABN 25 061 655 463
14 March 2005
Joint ASX and Media Announcement
Jack Hamar 1-13 Encounters Gas
Orchard Petroleum Limited (ASX; OPL) (Orchard) and Orchard Petroleum Inc. (OP Inc), awholly owned subsidiary of Orchard, are pleased to announce that the Jack Hamar 1-13 wellcompleted drilling to a depth of 5,210 feet. The depth of the well was reduced due to gas influx and technical issues affecting drilling operations, and an expectation that all important targets have been successfully penetrated.
Jack Hamar 1-13 has encountered multiple gas bearing reservoir zones and a significant testing program is planned for the well.
Steve Graves, Executive Chairman, said: “The number and quality of potential payzones, which exceeded Orchard’s predrill prognosis, will be carefully evaluated with appropriate testing and completion planning.”
Steve Graves further said, “the shallow gas play that has been targeted may extend across a large
portion of Orchard’s significant acreage position at South East Lost Hills.”
The shallow gas play is another step, similar to the shallow gas to be tested soon at Orchard’s South Belridge producing asset. These potential gas producing assets represent an important step toward Orchard establishing a diversified set of producing core properties while pursuing a broad drill-bit led strategy for reserve and revenue growth. A gas resource in an energy hungry state such as California would represent a valuable prize for Orchard Petroleum.
Participants in Jack Hamar 1-13 are:
OP Inc 37.5%
Nuenco 37.5%
Nahabedian Exploration Group (Operator) 25%
For further information please contact Mr Steve Graves on 0011 1805 4694656.
Join Orchard’s e-news list at www.orchardpetroleum.com
The geological information included in this announcement is based on information provided by Mr Edward Duncan, a qualified geologist employed as a technical consultant to the Company. Mr Duncan has practiced as a geologist in the petroleum industry for
over 20 years. Mr Duncan has consented to the inclusion of the geological information inthis announcement in the form and context in which it appears.
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