May 12 - Origin Announces Thistle 1 Exploration Well Reaches Total Depth, Otway Basin, Victoria

Source Press Release
Company Origin Energy Limited 
Tags Upstream Activities
Date May 14, 2012

Progress and Status

Origin Energy, on behalf of the VIC/P43 Joint Venture, advises that the Thistle 1 exploration well, which spudded on 03:30 hours EDT on Thursday 19 April 2012, has reached a total depth of 2,265mRT. The well is being drilled using the semi-submersible drilling rig Stena Clyde.

No shows were encountered in the objective Waarre Sandstones. Plug and abandonment planning is underway.

Well type and location

Thistle 1 is an exploration well located in exploration permit VIC/P43, operated by Origin some 16km north-northwest of the Geographe gas field in the offshore Otway Basin.

Thistle 1 is a vertical well. The final surface location is:

Latitude: 38° 57’ 59.857” S
Longitude: 142° 53’ 27.748” E

VIC/P43 Participating Interests:

Origin Energy Resources Ltd * - Operator 67.23%, Benaris Exploration (Otway) Pty Ltd 27.77% and Toyota Tsusho Gas E&P Otway Limited 5.0%

* a wholly owned subsidiary of Origin Energy Limited

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