Cooper Energy report that the Westall-1 exploration well in PEL92 spudded at 0700 hours yesterday, Sunday 12th June 2011. The surface hole has been drilled to 640 metres and the current operation is making preparations to run the 9 5/8' casing.
The well's primary objective is the Namur Sandstone with secondary objectives in the Birkhead, Hutton and Poolowanna Formations. Westall-1 is located 2.8 km northwest of the Perlubie oil field and 3 km southwest of the Parsons oil field. The well will be drilled to a total depth of about 1,765 metres and is expected to take about 8 days to drill and evaluate.
The primary objective Namur Sandstone, which is the oil reservoir in the nearby oil fields, is estimated to contain 1.01 million barrels of Prospective Resources (P50). The deeper formations would be expected to add to this estimate if they result in discovery.
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