DRILLING

Slow going on Agonis-1

Recovering from the Tarantula-1 blowout, and after swapping operators hats, Origin Energy and Arc...

Slow going on Agonis-1

Drilling progress has been slower than expected and it is now anticipated that it will take at least another three days drilling before the Dongara Sandstone primary objective is reached

Located 5.5km east of the Hovea Production Facility and approximately midway between the Xyris and Mondarra gas fields, the well is being drilled directionally to avoid clearing native vegetation at the vertical well location.

The target bottom hole location is approximately 485m southeast of the surface location. The depth to the prognosed top of the primary objective Dongara Sandstone is about 2800m.

Participants in L1 and L2 (excluding the Dongara, Mondarra and Yardarino fields) and Agonis-1 are ARC Energy 50% (operator) and Origin Energy Developments 50%.

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