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Nexus updates Libra-1 exploration well


Published Nov 19, 2008
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Nexus Energy increased best estimate contingent resource at the Crux Field-Spotlight

Nexus advised that on November 18, the Libra-1 exploration well in exploration permit AC/P41 in the Browse Basin, offshore Western Australia, had reached 2,712 meters total vertical depth sub-sea (TVDSS) in an 8 1/2 inch hole.

The Ocean Epoch semisubmersible rig is drilling the exploration well which is operated by Shell Development (Australia) Pty Ltd on behalf of the joint venture.

The Libra-1 well is expected to intersect the target reservoir by the end of this week, and is testing near field exploration potential around the greater Crux area.

Tags: Nexus Energy



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