The Directors of Armour Energy are pleased to provide the following update on the Lamont Pass 3 vertical exploration well being drilled in the Company’s 100% owned EP 190 in the Northern Territory.
The well is the second site testing for hydrocarbon accumulations located in the Glyde Sub‐basin of the McArthur Basin in 2013. Lamont Pass 3 is located 50km south of the Myrtle Subbasin and is 25km north of the Glyde 1 (ST1) gas discovery made by Armour Energy in 2012, which flowed up to 3.3 mmcfd (Figure 2). The well is at a depth of 922 metres progressing towards a planned total depth of approximately 1,200 metres.
The well continues to encounter bitumen, blooming, milky and streaming oil cuts and live oil in the Barney Creek Shale source rock. First gas and minor golden yellow oil florescence have been encountered at 260 meters with significant connection gases also reported.