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Oil Recovery From Drill Stem Test At Tigershark-1, Pel 104, South Australian Cooper Basin

Source: www.gulfoilandgas.com 10/30/2008, Location: Not categorized

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Victoria Petroleum N.L. as operator for the PEL 104 Joint Venture advises that today, the operation was preparing to run back into the hole to drill ahead in the target zone at 1,732 metres after successfully carrying out open hole Drill Stem Test #1 over the interval 1,712 metres to 1,732 of oil from the Birkhead sand will be evaluated by wire line logs to be run after the well reaches the planned total depth of 2,070 metres.

The oil recovered in the Drill Stem Test tool is a light crude oil very similar to that produced from the Growler Oil Field.

Tigershark-1 is the third well in the current exploration program of four exploration wells to be drilled on a continuing basis with Century Rig #3 and is planned to be drilled to a total depth of 2,070 metres.

Tigershark-1 is 3 kilometres to the west of the Wirraway-1 oil discovery and 6 kilometres northwest of the Growler Oil Field.Tigershark-1 is targeting the same Birkhead sands oil productive in the Growler Oil Field, currently producing a gross 1,029 barrels of oil per day. The Tigershark structure is interpreted to have the potential to contain a P10 unrisked recoverable oil resource of up to 4.7 million barrels in the target Birkhead sands, if oil is present.

Drilling reports for Tigershark-1 will be made on a weekly basis to the ASX with additional releases in the event of significant activity.

The participants in Tigershark-1, Wirraway-1, the Growler Oil Field and the ongoing Jurassic oil exploration program in PEL 104 and their respective interests through their wholly owned subsidiaries are as follows;

Victoria Petroleum N.L. (Operator) 40%
Impress Energy Limited 40%
Roma Petroleum N.L. 20%

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Related Categories: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 

Related Articles: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 


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