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Oil Search drilling report 6 April 2006

Friday, Mar 02, 2012

Oil Search reports that as at 06:00 hrs PNG time on 1 March, the P’nyang South 1 well was at a depth of 1,991 metres and preparations were underway to run a 7” liner. Drilling progress for the week was 203
metres.

During the week, an 8-½” hole was drilled through the Toro, Digimu and
P’nyang sands and a 53 metre core cut in the Toro sand. A formation
evaluation programme was completed over the 8-½” hole section and the presence of gas is indicated in the Toro, Digimu and P’nyang sands.

The preliminary interpretation of logs and pressure data to date indicates
the well has intersected a 184 metre gas gross gas zone, over the Toro to the base of the P’nyang sand.

The forward plan is to deepen the well and evaluate the underlying Koi-
Iange sandstone.

P’nyang South 1 is located four kilometres south-west of the P’nyang 1x
gas discovery and approximately 90 kilometres north-west of the Juha gas field.

Source: Oil Search

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