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Armour Energy provides update for the Egilabria 2 well

The Directors of Armour Energy Ltd provides an update of progress with drilling of the

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Armour Energy Ltd

The Directors of Armour Energy Ltd provides an update of progress with drilling of the Egilabria 2 vertical well in the Company's 100% owned tenement(ATP 1087)in Queensland.

The first well stage was drilled to a depth of 322m and a 13?3/8' casing was then set and successfully cemented at the base of the Mesozoic sediments of the Carpentaria Basin.

The well has currently reached a depth of 391m and drilling is now progressing through the Proterozoic sediments of the Isa Superbasin to a planned depth of 785m where an intermediate casing is planned to be set and cemented.

The Egilabria 2 vertical well will then continue to a total depth of 1850m to evaluate gas flows from a vertical section of the 125m thick target shale in the LawnHill Formation.

Tags: Armour Energy Ltd