Document date: Thu 30 May 2002 Published: Thu 30 May 2002 12:53:23 Document No: 217095 Document part: A Market Flag: N Classification: Progress Report BOUNTY OIL & GAS NL 2002-05-30 ASX-SIGNAL-G
HOMEX - Perth
+++++++++++++++++++++++++ Bounty Oil & Gas NL provides the following progress report on the drilling of the Woodads #19 gas well. All depths are in metres below the Kelly Bushing on the rig floor.
Period: 24 hours to 6am on 30/5/02.
Current Depth: 2,841 mKB (Total Depth).
Progress: Run Cement Bond Log. Run in hole with 6 inch (152mm) bit and scraper, scrape 1750m - 1900 mKB and 2500m - 2725 mKB. Circulate hole clean. Pull out of hole, lay down drill-pipe. Prepare to displace mud with brine and perforate.
Forward program:
1. Conduct long term flow testing through casing of the sandstones within the basal Irwin River Coal Measures and High Cliff Sandstone to determine type of formation fluid (oil or water) and productivity.
2. Conduct long term flow testing of Carynginia Limestone to confirm the economic potential for gas production.
Hydrocarbon Indications: Please refer to previous announcements.
Primary and Secondary Targets: Please refer to previous announcements.
NOTE: In accordance with ASX listing requirements, the geological information supplied in this report has been based on information provided by geologists who have had in excess of five years years experience in the field of activity. www.asx.com.au/asx/statistics/AnnDetail.jsp?id=486607&&issuerid=4790
HDR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
