Weekly Drilling Report For Snatcher-2 Exploration Well Pel 111

Source: www.gulfoilandgas.com 8/10/2009, Location: Not categorized

Victoria Petroleum N.L. (Vicpet) as operator for the PEL 111 Joint Venture advises the operation at 0600 hours today at the Snatcher-2 exploration well was drilling ahead in 8- inch hole at 1,659 metres towards the target Birkhead Sandstone.

The Snatcher Prospect is situated on the Western Margin Oil Trend, with Snatcher-2 a test of whether oil can be stratigraphically trapped within seismically interpreted discrete sand bodies in channel systems present within the Jurassic Birkhead Formation. The target sand for Snatcher-2 produced oil from the recent Snatcher-1 oil discovery, 899 metres to the south east of Snatcher-2 at a rate of 218 barrels of oil per day.

Snatcher-2 is planned to be drilled to a measured total depth of 2,000 metres. Drilling reports will be provided to the ASX on a weekly basis and as significant events occur.

The participants in the drilling of Snatcher-1, Snatcher-2, PEL 111 and their respective interests through their wholly owned subsidiaries are as follows;

Victoria Petroleum N.L. (Operator) 40%
Impress Energy Limited 40%
Permian Oil Pty Ltd. 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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