At 06:00 WST on the 30th of August wireline logging of the Proteus-1ST2 borehole was ongoing.

Since the last update the 4-1/8" hole section was drilled from the 5" liner shoe at 4920 metres below rotary table ("mRT") to a total depth of 5250 mRT. Final Total Depth of 5250 mRT was reached at 12:00 WST on 26th August. Wireline logging operations commenced on the 28th of August 2013 and are ongoing at the time of this release.

The presence of movable hydrocarbons in good quality Jurassic reservoir units is supported by petrophysical log interpretation, formation pressure gradients and gas samples recovered to the surface.

The logging program is near completion and the Joint Venture will be conducting a production test over the coming weeks.

Tags: Karoon Gas Australia Ltd