AWE Limited reports that as at 06:00 hours (6.00am NZDT) today, the Pateke-4H development well sidetrack has been drilled to a measured depth of 4,083m, landing at an angle of 90 degrees and having penetrated the hydrocarbon bearing F10 reservoir sand. Installation of the 9 5/8 inch casing is currently in progress, following which the well will be drilled horizontally through the reservoir to a planned measured depth of 5,361m.

The Kapuni F10 sandstone objective has already been intersected on prognosis with oil shows and real time logging measurements indicating the likely presence of an oil bearing reservoir. The commercial significance of the oil shows will not be clear until the horizontal drilling is completed and the reservoir size and quality is fully assessed.

Tags: AWE Limited