at 06:00 hours (WST) on Tuesday, 25 June 2013, the well was at a depth of 3803m MDRT (measured depth below rotary table), with the well static and the rig waiting on weather. Over the last week, the well penetrated the target Triassic interval higher than predicted and a number of sandstone reservoirs were encountered with gas shows, the significance of which is being assessed. In a separate sandstone interval, below the intervals where the gas shows were recorded, an over-pressured zone was encountered with gas and water influx into the well. This necessitated the well being shut-in per standard oilfield practice. Due to the current status of the well, the planned operations over the coming week are yet to be determined.
OXX Price at posting:
19.0¢ Sentiment: Hold Disclosure: Held
