Backreef - 1 Production Test Update
Sydney, May 16, 2012 AEST (ABN Newswire) - Oil Basins Limited (
ASX:OBL) wishes to make the following announcement so as to keep the market fully informed.
The Company, as operator on behalf of the Backreef Joint Venture - OBL group net 80% and Green Rock Energy Limited (ASX:GRK) group net 20%* - wishes to advise that it has today received all necessary approvals and consents from the DMP to conduct the forthcoming Backreef-1 Production Test operations and that Australian Drilling Services (ADS) Rig#2 has been mobilised and is now expected onsite on Thursday 17 May 2012. Representatives of Du-el Drilling Services and the undersigned arrived on site yesterday to coordinate and manage well test operations.
Note: *Subject to stakeholder approvals and consents.
The anticipate forward timetable is as follows:
Rig-up of ADS Rig#2* Circa 17 May^
Production testing commencing Circa 20 May^
Note: ^ Indicative and subject to change.
OBL will duly advise the market of a summary of the test results at the conclusion of the Backreef-1 Production Test program.
Contact
Oil Basins Limited
T: +61-3-9692-7222
F: +61-3-9529-8057
WWW: www.oilbasins.com.au
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