Saturday, 30 March 2024

Announcement

MINE: PPP: Vietnam Block 121 Exploration Drilling Update

28 Jun 2013 14:04NZX
Vietnam Block 121 Exploration Drilling Update

Origin Energy (Song Hong) Pte Limited ("Origin"), the operator of the Block
121 Production Sharing Contract, offshore Vietnam, have reported that at 0600
hours on 28th June, the Ca Voi-1X ("121-CV-1X") exploration well currently
being drilled by the "Ocean General" drilling rig, was at a measured depth of
1571m BRT (below rotary table) and had set the 13 3/8" casing. The well which
is being drilled in a water depth of 270m was spudded on 15th June, and has a
planned total measured depth of approximately 3771m BRT.

The 121-CV-1X well has been designed to evaluate the hydrocarbon potential of
the Whale prospect, an unconformity and tilted fault trap, targeting
Oligocene clastic reservoirs. The well will be plugged and abandoned after
the evaluation is complete.

Participating interests in Block 121 are:
PPPV121 15%
Origin 45% (operator)
Premier Oil 40%

For further information please contact:
Tom Prudence
Chief Executive Officer
Pan Pacific Petroleum NL
Telephone: + 61 2 9957 2177
www.panpacpetroleum.com.au
End CA:00237966 For:PPP    Type:MINE       Time:2013-06-28 14:04:33
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