I thought you were kidding but here's one from Roma Petroleum.
20 December 2004
Company Announcements
Australian Stock Exchange Limited
Level 4, 20 Bridge Street
SYDNEY NSW 2000
Dear Sir
RE: MIRAGE 1 – BEING COMPLETED AS NEW OIL FIELD DISCOVERY, PEL 115,
SOUTH AUSTRALIAN COOPER BASIN
Roma Petroleum NL has been advised by the Operator of PEL 115 that Mirage 1 is being cased for
production as a new oil field discovery as a result of favourable results from analysis of the wire line logs,
sidewall cores and re-analysis of Drill Stem Test No 1.
Wire line logs, sidewall cores and down hole wire line formation sample testing run over the weekend
indicate a gross oil column of 17 metres extending from 1,320-1,337 metres. A potential 6 metres of net pay
is interpreted from the wire line logs and sidewall cores.
The results of Drill Stem Test No 1 carried out on 12 December 2004 over the interval 1,322-1,329 metres
have undergone further interpretation. It now appears that the drill stem test was only partially mechanically
successful as the tool plugged shortly after the tool was opened.
Prior to plugging of the tool, an initial oil influx into the drill pipe at a rate of 500 barrels of oil per day was
observed. This rate is greater than the rate of 150 barrels of 54 API oil per day initially reported.
The total oil column of 17 metres within the Murta Formation of Mirage 1 will be tested through cased hole
with completion and production testing planned to commence on January 11, 2005.
The determination of the recoverable oil reserves for the Mirage Oil Field will be subject to the production
testing results and further development drilling on the Mirage oil Field.
Mirage 1 is 5 kilometres to the east of the Ventura 1 oilfield recently discovered by the Consortium. The
Mirage field is a robust conventional anticlinal prospect, similar in style to the Ventura structure.
Participants in the drilling program in Petroleum Exploration Licence 115 Cooper Basin, South Australia and
their respective interests are:
Victoria Petroleum NL (Operator) 40%
Roma Petroleum NL 20%
Impress Ventures Ltd 15%
Entek Energy Ltd 12.5%
Tacnas Pty Ltd 12.5%
Yours faithfully
C W Siller
Chairman of Directors
I thought you were kidding but here's one from Roma Petroleum.20...
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