Oilex Timor Sea drilling progresses

On Dec. 30, 2009, the Lolotoe-1 well in the Timor Sea reached a depth of 3,785 m (12,418 ft).

Offshore staff

SYDNEY, Australia -- On Dec. 30, 2009, the Lolotoe-1 well in the Timor Sea reached a depth of 3,785 m (12,418 ft). Operator Oilex is running intermediate wireline logs over the interval including the secondary objective Flamingo formation, which encountered some minor gas and oil shows while drilling. On completion of the wireline logging, a 9 ⅝-in. casing will be set above the primary objective Elang/Plover formation sandstones. Lolotoe-1 is the second well of a two-well program in contract area JPDA 06-103.

The Lolotoe prospect is a three-way dip faulted anticline with about 300 m (984 ft) of vertical relief. The well is targeting mean prospective oil resources of 90 MMbbl in the primary objective Elang/Plover formations.

01/04/2010

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