DRILLING

Lakes re-enters North Seaspray-3

Lakes Oil continues to test onshore Victoria for gas potential, re-entering the 2000 North Seaspr...

Lakes said drilling of the recent Trifon and Gangell wells indicated that North Seaspray-3 was terminated in the upper part of the Strzelecki Formation and the gas formation that was intersected in Trifon and Gangell had not been penetrated.

“As part of the valuation being conducted by the Lakes/Jarden Joint Venture, North Seaspray-3 is being deepened to evaluate the ability of the Strzelecki Formation to produce gas using underbalanced drilling techniques.

It will be deepened to a proposed total depth of 1400 metres using a vertical conventional drill hole. Lakes said the well was drilling out the cement plug at 1150 metres.

“This well will confirm the presence of the “A” reservoir, which will be logged. The well will then be plugged back and a deviated well drilled such that 4.5 inch casing can be landed in the “A” reservoir horizontally,” said a Lakes statement.

The Hunt Energy No. 2 rig will then be released and the remainder of the hole will be drilled using a coiled tubing unit and under balanced drilling fluid.

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