Triple Provides Drilling Activities Update in Bird Mountain Area

Source: www.gulfoilandgas.com 10/5/2015, Location: Asia

The Directors of Triple Energy Limited provide the following update on the drilling activities on the Company’s Aolong Joint Venture project in the People’s Republic of China.

NIAOSHAN-1 WELL
As of 10.00am on 5 October 2015 the Nioshan-1 well was being prepared to run casing to the bottom of the well.

Triple is endeavoring to expedite the core analysis and once this is received, a decision on fraccing and testing of this well will be made.

YIXIN-1 WELL
Given the difficulties with the Nioshan-1 well in the shallower sections, an air drilling unit was tried on this well.

The Yixin-1 well is at 413 meters (measured depth) having made good progress with the air-drilling unit. However, due to water influx into the well bore at 413 meters, the well will now have to revert back to a mud-drilling unit. This is currently being rigged up and once completed, the well will drill ahead to the first coal seam which is interpreted at around 700 meters.


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