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Target Energy Spuds Wolfberry Well; Preps to Run Casing

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Target Energy Spuds Wolfberry Well; Preps to Run Casing

Target Energy Limited has reported that drilling operations commenced at the Sydney #2 well in the company's Fairway Project in West Texas.

Sydney #2 is located approximately 800 meters east of Sydney #1 and will target both the Wolfberry and Fusselman sections. It will be drilled to approximately 3,070m (10,070 ft) and is expected to take approximately two weeks to drill.

Sydney #2 Operations Update 
Target WI: 60%

All reported depths are measured below the Rotary Table (RT) on the rig floor.

Report Date:
8:00 pm 27/11/13 (Western Aust Standard Time) /
6:00 am 27/11/13 (USA Central Standard Time)

Current Depth:
434.3m (1,425 ft)

Progress:  
Commence drilling at 0000 hrs 26 November (US Central Standard Time). Drill ahead to 423.3m (1,425 ft). Prepare to run…

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