Triceratops Prospect
Type: Oil / Gas exploration well
Location: PPL 237, Eastern Papuan Basin
144 degrees 48' 52" E; 006 degrees 57' 29" S
Current Status: Drilling ahead at 3,324 feet (1,011 meters)
with an 8 1/2 inch drill bit.
Activities since last Drilled 12 1/4 inch hole to 2,550 feet (777
report: meters) where 9 5/8 inch intermediate casing
was run to surface and cemented. Kicked off
directional drilling with 8 1/2 inch drill bit
at 2,723 feet (830 meters) and currently
building angle to 21 degrees to reach target
in the top of the Puri limestone section.
Geology as anticipated.
Past Data: Set 20 inch conductor at 10 feet (3 meters).
Set 13 3/8 inch surface casing at 381 feet
(116 meters).
Planned Total Depth: Approximately 7,050 feet (2,150 meters)
Operator: InterOil subsidiary, SPI (210) Limited.
Prospect Description: This well is targeting the Puri fractured
limestone reservoir in an adjacent fault block
offsetting the Bwata - 1 discovery well.
InterOil currently has no reserves as defined in Canadian National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities ("NI 51-101"). Any information contained herein regarding resources are references to undiscovered resources under NI 51-101, whether stated or not.
