Exploration & Production
Petrofrontier OzAlpha-1 Drilled and Cased
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PetroFrontier has announced that the OzAlpha-1 well located in Exploration Permit 104 in the Northern Territory, Australia has been successfully drilled and cased by Statoil Australia Theta B.V.
All of the planned open hole well evaluation activities have been completed and are now being analyzed. A total of 196 metres of core were recovered in a continuous coring process, which penetrated the Lower Arthur Creek and Thorntonia formations.
The 2014 Work Plan includes the drilling of up to five wells and the completion and testing of up to three wells. The decision by the Operator to case the well is encouraging; however, it is too early to tell if this well will be selected for completion and testing, as that decision has to consider the ongoing evaluation work and the results of future…
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