AWE’s Jebel Al Milh-1 drilling update
Thursday, Sep 09, 2010
AWE Limited reports that as at 06:00 Yemen time (-7 hrs AEST) on 8 September, the Jebel Al Milh-1 well was at the total depth (TD) of 4,227 metres and was preparing to further evaluate the Lam clastic units within the Madbi Formation. Analysis of the log data across a number of ntervals within the Lam suggest possible oil saturation. Elevated gas with oil shows were encountered while drilling this unit.
Jebel Al Milh-1 is located 16 kilometres north-northeast of the Al Meashar-1 well, which recently discovered oil in the basement. The Lam Member of the Madbi Formation is a secondary target of the well.
The participants in Block 7 are:
ARC Energy Holdings Ltd* 21.25%
Oil Search (ROY) Ltd (Operator) 34.00%
Kuwait Foreign Petroleum Exploration Co. (Aden) Ltd 21.25%
Yemen General Corporation for Oil and Gas 15.00%
Mitsui E & P Middle East B.V 8.50%
* A wholly owned subsidiary of AWE Limited
For information please see our website www.awexplore.com or contact:
Bruce Wood Garry Marsden
Managing Director Corporate Development Manager
AWE Limited Mobile: 0400 040 106
Phone: +61 2 8912 8000 garry.marsden@awexplore.com
Source: AWE Limited
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