Karoon Gas Updates on Poseidon North‐1 Well

Karoon Gas Australia said that at Poseidon North‐1 well on 17 April the hole was at a depth of 3,820 mRT and preparations were being made to install the 9‐5/8” casing.

Since the last progress report, the cement casing shoe was drilled out and the 12‐1/4” hole section drilled 1,361 metres to the current depth of 3,820 mRT.

Poseidon North‐1 is the fifth well in the Browse Basin Phase 2 exploration drilling campaign. The well is located 6.5 kilometres north‐east of Poseidon‐1 in permit WA‐315‐P, on the crest of a large, tilted fault block.

The well is targeting the Plover and Montara formations and has the potential to add significantly to the already discovered Greater Poseidon area resource.

Press Release, April 18, 2014; Image: Karoon Gas

 

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