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Great Artesian Oil & Gas Announces Murripi-1 Well Spud in PEL91
Thursday February 21, 2008, 10:19 am

Original Announcement: Murripi-1 well spud in PEL91 - 21 February 2008

Great Artesian Oil & Gas advised that Murrippi-1 spudded on 21 February 2008 at 04:00 hrs (CST) and will take approx 10 days to drill and 6 days to evaluate. A total depth of approx 2241m is planned. Murrippi-1 has dual Jurassic and Permian targets. The primary targets of Murrippi-1 are the basal Birkhead Formation/Hutton Sandstone and Patchawarra Formation, with secondary targets in the Poolowanna and mid-Birkhead Formations. Pre-drill P50 recoverable reserves of 0.6m barrels of oil for the Hutton formation and 0.17m barrels for the Patchawarra Formation are estimated. Possible "fill to spill" potential of the structures is in the region of 2 to 3m barrels of recoverable oil.

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