AWE Flow Testing Senecio-3 Gas Well in Perth Basin

AWE Limited has commenced the flow testing program for the Senecio-3 well in the L1/L2 joint venture to further appraise the Waitsia gas discovery in the onshore Perth Basin, Western Australia.

Following completion of drilling operations at Senecio-3 in September 2014, AWE estimated that the Kingia and High Cliff Sandstone intervals in the Waitsia gas field have gross contingent resources in the range from 65 billion cubic feet (Bcf) to 1,170 Bcf, with a best estimate (2C) of 290 Bcf. The testing program is designed to determine well deliverability from two conventional reservoir zones and to collect gas samples for compositional analysis.

The testing program is expected to be completed by mid-April, and results from the flow testing will be provided after testing on each of the zones has been completed.

Further appraisal of the Waitsia field is planned in late May with the drilling of the Waitsia-1 well, 3km to the east of Senecio-3 in L1/L2. This well will follow the planned Irwin-1 exploration well in EP320 (operated by AWE under an agency agreement with joint venture partner, Origin Energy) that is scheduled to spud in late March. Irwin-1 will target multiple reservoir objectives including the Kingia and High Cliff Sandstones approximately 6km east of the Senecio-Waitsia Fields.

The joint venture partners in L1/L2 are: AWE Limited (Operator) 50.0% and Origin Energy Resources Limited 50.0%