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Wolf 1 Gas Appraisal Well, Northern Perth Basin, Western Australia

Thursday, Aug 26, 2010

Wolf 1

Progress and Status:

Origin Energy, on behalf of the L11 Joint Venture, advises that Wolf 1 gas appraisal well spudded on 17 July using the Weatherford drilling rig 826. This well was drilled to appraise the extent of the gas accumulation discovered by the Redback South 1 well, drilled in 2009.

The well reached Total Depth of 4,122 mMDRT# on 18 August. Wireline logs have been run over the reservoir section. The well is being prepared to case and suspend for a future Drill Stem Test to further investigate the significance of the gas shows encountered.

Well type and location:

Onshore gas appraisal well, Perth Basin, Western Australia (L11 / EP 320).

Wolf 1 is being drilled as a directional well to intersect the target Wagina reservoir at a subsurface location 2.5 kms SSE of the Redback South 1 Wagina intersection and at a prognosed vertical depth of 3,876 metres sub-sea.

Surface location

Latitude:

29° 29’ 01.685” S

Longitude:

115° 09’ 45.465” E

 

Target location

Latitude:

29° 29’ 02.701” S

Longitude:

115° 10’ 06.606” E

Participating Interests

Origin Energy Developments Pty Limited*

67.00%

AWE Limited

33.00%

 

Source: Origin Energy

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