Victoria Petroleum N.L. as operator for the PEL 104/ PRL 15 Joint Venture advises that the current operation at the Growler-4 development well is completing the running of wire line logs after having drilled to total depth of 1,823 metres measured depth.
The primary target, the Birkhead Formation sandstone was intersected at 1,722 metres and good oils shows of fluorescence associated with elevated mud gas readings encountered over the 18 metre interval from 1,722 metres to 1,740 metres. The wire line logs have confirmed an 18 metre oil column in the Birkhead Formation reservoir which is better developed than in either of the offset wells, Growler-1 or Growler-2. Up to 9 metres of net pay with good reservoir properties is present within the main oil zone. On the basis of the wireline logs, the well has come in much better than prognosed and will be completed as an oil producer once the wireline evaluation is complete.
Growler-4 is being drilled as a development well on the Growler Oil field to test the 16 metre oil column discovered in the Jurassic Birkhead Formation in Growler-1. Growler-4 is 400 metres north of Growler-1 and interpreted to be a crestal test of the Growler Oil Field as currently mapped. Growler-4 is being drilled on 40 acre spacing between Growler-1 and Growler-2.
Growler-3, the second Growler well in the current Growler Oil Field development drilling program, is to be drilled immediately following Growler-4.
At the P50 level, the Growler structure is mapped at the P50 level as a four way dip closed feature covering approximately 900 acres located on the western margin of the Cooper Basin. The P50 most likely recoverable oil is estimated to be 1.1 million barrels.
The participants in Growler-4 and 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%
