Progress Report 34 for Woodada #19 Well
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.
Participants: Hardman Resources Ltd 75%
Bounty Oil & Gas NL 25%
T Fontaine
MANAGING DIRECTOR
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
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