Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/armour-energy-commences-northern-territory-drillin.shtmlArmour Energy commences Northern Territory drilling campaign
The Directors of Armour Energy Ltd advise that the 2013 Northern Territory drilling campaign has commenced with spudding
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The Directors of Armour Energy Ltd advise that the 2013 Northern Territory drilling campaign has commenced with spudding of the Myrtle Basin 1 well on 13 September 2013 in the Company's 100% owned EP176. The well is currently at 152m depth after drilling with an air hammer achieved penetration rates of between 30 and 40 meters per hour. In the next 24 hours, Armour Energy will run casing, cement in place and recommence drilling.
The 2-3 well exploration program is as follows:
- Myrtle Basin 1;
- Lamont Pass 3; and
- Optional: Caranbirini 1
The Northern Territory campaign has been designed to further evaluate:
- Conventional gas accumulations within the Coxco Dolomite to potentially convert up to 264 BCF of Mean Prospective Resources to Contingent Resources from 23 identified prospects; and
- The unconventional potential of the Barney Creek Shale Formation.
