Carnarvon Petroleum provides Phoenix South-3 drilling update
Thursday, Apr 26, 2018
Carnarvon Petroleum Limited is pleased to provide the following update on the drilling of the Phoenix South-3 well as advised by the operator, Quadrant Energy.

Progress

Since the last report, after setting the 36" surface conductor, the well has been drilled down to a depth of around 1,500 metres Measured Depth ("MD") in 26" hole size.

Current Operations

The well is currently running the 20" intermediate casing.

Forward Plan

The 20" casing will be set and cemented in place prior to the installation of the Blowout Preventer ("BOP"). Following pressure testing and functional testing of the BOP, the rig will commence drilling the 17 1/2" hole. These operations are planned to take around 5-7 days to complete.

Well Objective

The primary objective for the Phoenix South-3 well is to evaluate the gas and condensate potential of the Caley Member within a large, faulted anti-clinal closure that was partially penetrated with the Phoenix South-2 well.

Phoenix South-2 encountered gas and condensate in the Caley Member but was unable to drill through and evaluate the formation. The Phoenix South-3 well has been optimally designed to penetrate and evaluate the hydrocarbon bearing formations of the Caley Member.

Phoenix South-3 is located around 560 metres North-North East of the Phoenix South-2 well. The well will target a closure that is estimated by Carnarvon to contain a gross mean recoverable prospective resource of 489 Bscf of gas and 57 million barrels of associated condensate (being 143 million barrels of oil equivalent ("boe"), gross, Pmean).

For more information, please visit: http://www.carnarvon.com.au

For additional information on this project, please visit our ProjectsOGP database
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