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Nexus reports Libra-1 status

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MELBOURNE, Australia -- The Libra-1 exploration well in exploration permit AC/P41 in the Browse basin, offshore Western Australia, is running wireline logs, according to Nexus Energy.

The rig was re-manned over the weekend once the threat of tropical cyclone Billy had passed, the company says.

The program for the Libra-1 well includes additional wireline logging prior to the well being plugged and abandoned, as planned. Libra-1 has been drilled to TVDSS of 3,929 m (12,890 ft).

The semisubmersible Ocean Epoch is drilling the Shell Development (Australia) operated well.

12/30/2008

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