OIL

New Rookwood well spudded

OILEX has begun drilling at Rookwood Central1.

A drill stem test will be conducted on penetration of the target Boxvale Sandstone anticipated to be drilled at 1,376 metres, the oil-producing horizon in the Rookwood South-1 well, according to Rookwood partner Victoria Petroleum.

Rookwood Central-1, an appraisal well for the Rookwood Oil Field is 400 metres south of Rookwood South-1, the discovery well for the Rookwood oil field.

Upon recovery of oil from Rookwood Central-1, the partners plan to drill another three wells at the field.

Interests in the Rookwood Block are Oilex 59.06%, Victoria Petroleum 29.69% and private interests 11.25%. Interests in the rest of ATP 608P are Oilex 66.75%, Victoria Petroleum 24% and private interests 9.25%.

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