Galilee Basin Drilling Update: Albany-1 Well

Tuesday, June 12, 2018

Vintage Energy and joint venture partner Comet Ridge Limited (ASX: COI) are pleased provide an update on the drilling operations ongoing at the vertical Albany-1 conventional appraisal well in the Galilee Basin. At 0600 hours this morning, the 8-1/2” intermediate hole section had been drilled through to the base of the Jericho Formation, just above the target Lake Galilee Sandstone reservoir, at 2470 metres.

The drill-string is currently being pulled out of the hole, in preparation for running and cementing of the 7” casing from surface all the way to the current depth of the well. Following this, the final 6-1/8” hole section will be drilled through the sandstone reservoir with nitrogen as planned.

The total depth (TD) of the well is prognosed to be approximately 2775 metres.

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Vintage Energy

Vintage Energy has been established to acquire, explore and develop energy assets within Australia that will provide gas to the eastern states.

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