b2 to ian _whitchurch, page-31

re: brick50 for pkk b2 coe/stu ann. This is the sort of thing that can make charting useless.
2000 bopd not bad.

14 September 2004
Australian Stock Exchange Limited
Companies Announcement Office
Electronic Lodgement System
Dear Sir,
ANNOUNCEMENT TO ASX
DRILLING REPORT: WORRIOR # 2
PEL 93, COOPER/EROMANGA BASIN, SA
Stuart Petroleum advises that Worrior #2 is being cased and completed by the
drilling rig. Completion operations will be finished by 20 September. The rig will
then move to the Arwon #1 location where drilling operations will commence
shortly thereafter.
Worrior #2 will be brought on line as an oil producer by month end.
Worrior 2 has successfully achieved its development objectives intersecting oil pay
in the McKinlay and Birkhead formations and gas pay in the Patchawarra.
Following a review of the log, core and test data, the well will comfortably be
capable of producing in excess of 2000 barrels of oil per day from both the
McKinlay and Birkhead zones respectively. The Patchawarra gas zone will be
produced at a future time.
The status of Worrior # 2 at 0600 hours (CST) on 14 September 2004 was:
Location: PEL 93, 55km south-west of Moomba
Planned Total Depth: 1751 metres
Total depth: 1746.5 metres
Operations: Running 7” production casing
Spud: 17.00hrs, 23rd August 2004
Participants in the PEL 93 Joint Venture are:
Stuart Petroleum Limited (Operator) 70% (STU)
Cooper Energy NL 30% (COE)
Yours faithfully,
Tino Guglielmo
Chief Executive Officer