The Directors of Triple Energy Limited provide the following update on activities.
The Niaoshan-1 coal gas well in the Bird Mountain area has been spudded. The well is located around 2 kilometers from the previous Xian Xian-1 well drilled by the Joint Venture in 2013 and is targeting several major coal seams for intersection which will be cored for desorption analysis and tested.
This well is planned to be drilled to a depth of approximately 1,300 metres, which is expected to take around 6 weeks, inclusive of coring and testing.
The second well of 2015 will follow with the same rig once operations at Niaoshan-1 are complete.
Weekly updates will be made on the Niaoshan-1 well as drilling progresses and in the event that material developments occur.