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AWE provides Drover-1 drilling update

NORTH SYDNEY, Australia -- 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 1,011 m in an 8 ½ inch hole following the installation of the 9 5/8 inch surface casing at 870 m.

The 8 ½ inch hole will be drilled to a planned section depth of 1,700 m prior to cutting 27 m of core in the Kockatea Shale before drilling on to the deeper objectives.

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.

The Drover-1 exploration well will be drilled vertically to a planned total depth of 2,400 m and is designed to test the unconventional gas potential in the southern area of AWE’s Perth Basin acreage. Drover-1 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 Limited (via subsidiaries) (Operator) 81.50% and Titan Energy Limited 18.50%.

07/08/2014

 

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