AWE Limited reports that the Silvereye-1 well started drilling at 0000 hours on December 3, 2010. As at 0900 hours today, the well was at a depth of 140 metres and was circulating prior to pulling out of hole to run conductor.
Silvereye-1 is an exploration well located in the offshore Bass Basin within exploration permit T/44P. The well is located approximately 65 kilometres west of the Yolla gas platform and approximately 27 kilometres west of the Trefoil gas field.
The well is targeting gas within Paleocene and Cretaceous sands of the Eastern View Coal Measures. Silvereye-1 is designed as a deviated well to be drilled to a total measured depth of 2,400 metres.
The participants in T/44P are:
AWE Limited 40.0%
Origin Energy Resources Ltd (Operator) 60.0%
[mappress]
Source: AWExplore , December 3, 2010;