So what's happened to this well that they were meant to be drilling in December 2018 or am I missing something. Wildwood Ostracod Well (Lower Mannville)
• The Wildwood exploration well is permitted and licenced for drilling during December this year.
• Nearby wells have confirmed the presence of both oil and gas in the Ostracod and the PLJV operated
Paddle river field is only ~20km to the NE.
• The Wildwood well will be drilled to a vertical depth of approximately 1750m and then horizontally for
1200m to ensure maximum exposure to the target zone.
• The Wildwood exploration target is estimated to contain 8-10 million BOE in place (1.6-2 million BOE
net to WBE) and has potential for 6-10 follow up development wells. (Refer ASX release dated 25
October 2018).
• The estimated completed cost of the well is $2.5m, (drilling $1.4m, completion and testing $1.1m -
$500,000 net to WBE).
• Adjacent pipeline connected to deep cut facility improves liquids recovery – low tie in costs.
WBE Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
