Finder No. 4 Pty Ltd, a wholly owned subsidiary of Finder Exploration Pty Ltd, announced that the Olympus-1 exploration well in Exploration Permit WA-450-P has discovered gas in two zones.
The well was drilled to a total depth of 4,540 metres and was plugged and abandoned in accordance with the pre-drill program. The Ocean America semi-submersible drilling rig has now moved off location and is mobilising to another location.
Summary highlights:
The Permit is located in the Northern Carnarvon Basin, directly south of the Gorgon and Clio major gas fields and only twelve kilometres from the recent Zola discovery.
The participating interests in the Permit are as follows: WA-450-P Participating Interest Apache Northwest Pty Ltd (Operator) 75% Japan Australia LNG (MIMI) Pty Ltd 20% Finder Exploration Pty Ltd 5%
Finder is a private exploration company which has significant interests in 17 Exploration Permits, with 10 as Operator, offshore and onshore North Western Australia.
[mappress] LNG World News Staff, April 11, 2013; Image: Finder Exploration