Karoon Gas Australia announce the spudding of the Kangaroo-2 appraisal well at 2135 hrs BRST on 5 November 2014.

The top of the reservoir section is expected to be penetrated within approximately 3 weeks with the well reaching total depth during December 2014.

The Kangaroo-2 appraisal well is located in block S-M-1165 and is the first well in the current Santos Basin exploration and appraisal drilling campaign. The well is designed to confirm the size of the oil column, the presence and size of a possible gas cap, reservoir continuity and properties, and flow rates for the Kangaroo oil discovery. This information will be crucial for assessing the commerciality of the Kangaroo oil field and, upon success, will be the basis for the Front End Engineering and Design ('FEED') phase bringing the project a step closer to commerciality.

Tags: Karoon Gas Australia Ltd