AWE Limited reports that as at 06:00 hours (6.00am NZDT) today, the Pateke-4H development well had been drilled to a total measured depth of 4,110 metres and an inclination of 89 degrees. The primary objective, the Kapuni F sands, has been penetrated on prognosis by the 12 ¼' drilling assembly. Oil shows have been observed by surface monitoring equipment and realtime petrophysical measurements indicate the likely presence of an oil bearing reservoir.

It is now planned to run and cement 9 5/8 inch casing to a measured depth of 4100 metres, following which drilling will continue through the reservoir section to a projected total measured depth of 5,361 metres.

Tags: AWE Limited