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MEO Australia Limited(ASX:MEO)Seruway PSC - Gurame SE-1XST Progress Report No. 9  Join our daily free Newsletter

MENAFN - ABN Newswire - 04/11/2012

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(MENAFN - ABN Newswire)

MEO Australia Limited (ASX:MEO) (OTCQX:MEOAY) advises the following update in relation to the Gurame SE-1X well being drilled offshore North Sumatra in the Seruway PSC using the Hercules #208 drilling rig.

Since the last report, 9 5/8" casing has been run and cemented to 2,677mMDRT. After pressure testing of Blow-out Preventers and the 9 5/8" casing, 8 1/2" hole was drilled to 2,794mMDRT. Mudlog gas shows were observed to increase over the interval from 2,776mMDRT to 2,794mMDRT in the Baong sands.

In response to these gas shows, a 30m full-hole conventional core has been planned from 2,794mMDRT. At 2400 hours (Jakarta time) on 4th November operations were in progress to commence coring.

Progress Summary

Progress since last report:
- Ran and cemented 9 5/8" casing to 2,677mMDRT
- Drilled 8 1/2" hole to 2,794mMDRT Present Operation (at 2400hrs Jakarta time, 4th November)
- Preparing to cut 30m core from 2,794mMDRT Outlook:
- Complete coring and drill 8 1/2" hole to base of Baong sands

An overview of Gurame is provided with a detailed technical supplement in the following link:
http://media.abnnewswire.net/media/en/docs/ASX-MEO-381820.pdf

 






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