AWE spuds Waitsia-1

May 15, 2015

AWE Ltd., operator of permits L1 and L2 in the Perth basin in Western Australia has commmenced drilling Waitsia-1 appraisal well.

The well was at 423m measured depth in a 17 1⁄2 inch hole and will be drilled to a planned section depth of 570m MDRT before installation of the 13 3/8 inch surface casing.

Scheduled for completion in six weeks, the Waitsia-1 well will be drilled vertically to a planned total depth of 4,050m. The well has been designed to further test the gas potential of the Waitsia Field, comprising primary targets in the deep conventional formations in the Kingia and High Cliff Sandstones.

The well will be logged and core samples will be collected and sent for analysis. secondary targets in the shallower Dongara and Wagina tight sandstone formations.

If the results are positive, AWE may undertake a flow test of the Waitsia-1 well and the well may be completed as a production well for a potential future field development.

The Waitsia-1 appraisal well is located on agricultural land approximately 17km east of Dongara, Western Australia, and 10km from the operating Dongara gas plant.

The well is the second of a three well drilling program planned for the Perth Basin in 2015. It will be followed by the Waitsia-2 appraisal well in the second half of the 2015 calendar year.

Over the past 12 months, AWE has added two significant projects to its development portfolio: the Senecio and Waitsia gas project in the onshore Perth Basin and the Lengo gas project offshore Indonesia.

Read more:

Irwin-1 drilled at 2996m

Irwin-1 drilling continues

AWE updates Irwin-1

AWE spuds Irwin-1



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