Nexus updates status of Libra-1 exploration well

The Libra-1 exploration well in permit AC/P41 in the Browse basin, offshore Western Australia, has reached 1,131 m (3,711 ft) TVDSS in a 17½-in. (44½-cm) hole, according to Nexus Energy.

Offshore staff

MELBOURNE, Australia -- The Libra-1 exploration well in permit AC/P41 in the Browse basin, offshore Western Australia, has reached 1,131 m (3,711 ft) TVDSS in a 17½-in. (44½-cm) hole, according to Nexus Energy.

The semisubmersibleOcean Epoch is drilling the exploration well which is operated by Shell Development (Australia) on behalf of the joint venture.

The Libra-1 well is expected to intersect the target reservoir in late November, and is testing near field exploration potential around the greater Crux area, the company says.

11/12/2008

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