Origin Energy Resources (Kupe) Limited, on behalf of the Kupe Joint Venture, advises that as of 12 pm EST on 9 July, the following operations have been completed on Momoho 1:

• The 12-1/4 inch section was drilled to a final depth of 2,898m MDRT (measured depth below rotary table).

• The 9-5/8 inch casing is currently being run.

Over the coming week, the rig is expected to complete running and cementing the 9-5/8 inch casing, drill the 8-1/2 inch section and acquire wire-line logs over the primary reservoir target (Farewell Formation).

Drilling began on 13 June 2008 and progress to date is summarised as follows:

36 inch 22 inch 17 inch 12-1/4 inch 8-1/2 inch Planned 170.5m 550m 1,830m 2,855m 3,142.5m Actual 180m 561m 1,845m 2,898m
*Depths are cumulative and show total well depth measured below the rotary table (MDRT).

The well is expected to take approximately 51 days to drill on a dry-hole basis.

Tags: Origin Energy