OIL

Oilex plugs duster, moves rig to Donga-3

AFTER failing to find any significant hydrocarbons at the Pinnacle West-1 wildcat in the Surat Ba...

The Hunt 3 drill rig is now moving to the Donga-3 location in ATP 805P, about 20 kilometres east of Pinnacle West-1.

Donga-3 is a 1590 metre deep test of an interpreted updip location of the basal Moolayember sandstone. This strata delivered light sweet crude oil and high water rates in the Donga-1 and Donga-2 wells drilled in 1969 and 1979 respectively.

Donga-3 also has secondary targets in the Hutton, Basal Evergreen and Boxvale sandstones and is expected to spud in the next few days and to take eleven days to drill.

Participants in ATP 805P Block, Donga-3 well are: Oilex NL (operator) 42.5%, Bow Energy Ltd 42.5% and Victoria Petroleum NL 15%.

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