AWE Limited advises that the Kahu-1 well started drilling at 0600 hours (NZ Time) on 28 June, 2010. The Kahu-1 well is an exploration well within PMP 38158, located approximately 3 kilometres east of the producing Tui oil field.
Kahu-1 will test the Kapuni group sands within a large incised valley feature immediately east of the Tui oil field. The well is being drilled in a water depth of 122 metres and is expected to drill to a total measured depth of approximately 3,820 metres.
Participants in Kahu-1 and PMP 38158 are:
AWE Limited (Operator) 42.5%
Mitsui E&P Australia Pty Limited 35.0%
Stewart Petroleum Co Limited (NZOG) 12.5%
WM Petroleum Limited (PPP) 10.0%
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Source: awexplore, June 28, 2010: