Upon reaching a depth of 2,500 mMD the drilling plan called for the installation of the 10kpsi BOP, consistent with conservative industry recommended practice. Given the stable conditions experienced down hole to that point, it was decided to review the ongoing activities as there was a risk that they could not be completed consistent with best practice for well control.
With the agreement of the drilling contractor, the drilling plan was amended to drill ahead and set the 9-5/8' casing string at 2,700 mMD before swapping to the 10kpsi BOP to continue to maintain best practice standards as we progress to well TD.
A short while ago the well had reached 2,511 mMD. The next target is the primary structure called N, which may be encountered starting at 3,000 mMD, followed by the deepest (and largest) primary structure called
Prospective Resources Cautionary Statement - The estimated quantities of petroleum that may potentially be recovered by the application of a future development project(s) related to undiscovered accumulations. These estimates have both an associated risk of discovery and a risk of development. Future exploration appraisal and evaluation is required to determine the existence of a significant quantity of potentially moveable hydrocarbons. All quoted volumes have been taken from Independent Expert McDaniel & Associates Competent Persons Report, released to ASX on
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