As of Midnight, Monday, 8th January, 2013 (Sydney DST) electric logging operations had been completed over the open hole section in Gumamela-1. No significant porosity or reservoir development is evident in either the Cebu Limestone or the underlying Oligocene age clastic sediments.

The well has been drilled to a depth of 1,051.6 metres KB (3,450 feet KB) to within a dominantly claystone and siltstone with minor sandstone Oligocene age formation immediately below the Cebu Limestone. It has been decided to plug and abandon Gumamela-1. The current operation is preparing to set cement plugs.

MALOLOS-1: The Company is now focused on completing the workover and testing of Malolos-1, which it plans to complete over the next 4-6 weeks. Rig-1 is conducting this work and operational updates will be provided by ASX release when relevant information becomes available.

Tags: Gas2Grid