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AWE starts drilling Drover-1

SYDNEY, Australia -- AWE Limited (AWE), as Operator of Exploration Permit 455 in the Perth Basin, Western Australia, advises that the Drover-1 exploration well commenced drilling on 29 June 2014.

As on 29 June, the well was at a measured depth of 141 m and was drilling in a 12 ¼ inch hole to a planned depth of 900 m in preparation for the installation of the 9 5/8 inch surface casing.

The Drover-1 exploration well is located on pastoral land in the Shire of Coorow, approximately 18 km southeast of Green Head and 220 km north of Perth.

The Drover-1 exploration well will be drilled vertically to a planned total depth of 2,400 m and is forecast to take approximately four weeks to complete. The well is designed to test the unconventional gas potential in the southern area of AWE’s Perth Basin acreage and is targeting the Kockatea and Carynginia shale formations, the Irwin River Coal Measures and the High Cliff Sandstones. Core samples will be collected and sent for analysis before determining the next phase of activity.

The JV partners in EP455 are AWE (via subsidiaries) (Operator) 81.50%, Titan Energy 18.50%.



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