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AWE updates on drilling at Drover-1 well in EP 455 in Perth basin

NORTH SYDNEY -- AWE Limited (AWE), as operator of Exploration Permit 455 in the Perth Basin, Western Australia, reported that the Drover-1 exploration well was drilling ahead at a measured depth of 2,070 m in an 8 ½ inch hole.

Two sections of core were cut from 1,698 m to 1,720 m, recovering a total of 21.5 m of the Kockatea Shale formation.

The 8 ½ inch hole will be drilled to a planned total depth of 2,400 m to evaluate the deeper objectives comprising the Carynginia Shale formations, the Irwin River Coal Measures and the High Cliff Sandstone.

The Drover-1 exploration well is located on pastoral land in the Shire of Coorow, approximately 18 kms southeast of Green Head and 220 kms north of Perth. Drover-1 is a vertical exploration well designed to test the unconventional gas potential in the southern area of AWE’s Perth Basin acreage. Core samples taken from the well will be sent for analysis before determining the next phase of activity.

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



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