ITC impress energy limited

oil at growler 5, page-3

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    Pete..
    11 December 2008
    Company Announcements
    ASX Limited
    Level 4, 20 Bridge Street
    SYDNEY NSW 2000
    OIL SHOWS IN GROWLER-5, GROWLER OIL FIELD, PRL 15,
    SOUTH AUSTRALIAN COOPER BASIN
    Victoria Petroleum N.L. as operator for the PRL 15 Joint Venture advises that at 0600
    hours today, the operation at Growler-5 was drilling ahead in 8 ½ inch hole at 1,780
    metres. Growler-5 is to be drilled to a planned total depth of 1,800 metres.
    Good oil shows have been observed in the target Birkhead Sandstone over the 24 metre
    gross interval from 1,725-1,749 metres. The significance of these oil shows will be
    evaluated by wire line logs and open hole drill stem test once the well has drilled to the
    planned total depth of 1,800 metres.
    Growler-5 is a development well on the Growler Oil Field targeting the eastern extension of
    the Birkhead sands oil productive in the Growler Oil Field and currently producing
    approximately gross 930 barrels of oil per day.
    Drilling reports to the ASX for Growler-5 are made on a weekly basis, with additional
    releases in the event of significant activity.
    The participants in Growler-5 and the Growler Oil Field (PRL 15) and their respective
    interests through their wholly owned subsidiaries are as follows;
    Victoria Petroleum N.L. (Operator) 40%
    Impress Energy Limited 40%
    Roma Petroleum N.L. 20%
    JOHN KOPCHEFF
    MANAGING DIRECTOR
    VICTORIA PETROLEUM N.L.
    Information in this report was completed by the Managing Director of Victoria Petroleum N.L, J T
    Kopcheff BSc (Hons Eco.Geol), FAIMM, MAAPG, MSPE, MPESA with 35 years experience in
    petroleum geology and geophysics.
    For information on Victoria Petroleum N. L. drilling activities visit our website at
    www.vicpet.com.au
    VICTORIA PETROLEUM N.L. A.B.N 50 008 942 827
    Incorporated in Western Australia
    2
 
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