Australian Worldwide Exploration Limited (“AWE”) on behalf of the Hovea joint venture, reports that at 0800 hours today (Western Standard Time) the Hovea-13 well was drilling ahead at a measured depth of 1,324 metres. Progress for the week was 1,217 metres.
Hovea-13 is an oil development well on the Hovea oilfield, which is located in L1, approximately 16 kilometres east south east of Dongara. Hovea-13 will target the Dongara Sandstone in a seismically mapped near crestal location within the central portion of the Hovea oil field. Hovea-13 has a planned total measured depth of approximately 2,200 metres.
This well is the first of a planned 4-well drilling campaign to be undertaken by AWE and Joint Venturers in the region.