3D Oil announced that wireline evaluation and sampling of formation fluids over zones of interest identified on preliminary Sea Lion-1 data have been completed. This work has confirmed that no zones of commercial hydrocarbons were encountered in the Sea Lion-1 well.
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| Image: Sea Lion map/ 3D Oil. |
Current operation is running out of the hole with logging tools. Forward operations are to plug and abandon the Sea Lion-1 well and to de-mobilize the West Telesto drilling rig from the site.
This is the final Drilling Progress Report for Sea Lion-1. TDO will advise when all site operations are compete and the West Telesto has been released.
Sea Lion is located in offshore Gippsland Basin permit VIC/P57 where 3D Oil has a 24.9% interest in Vic/P57 while the company’s share of Sea Lion-1 well costs is being carried up to the extent of US$7.5 million as part of an agreement with joint venture operator Carnarvon Hibiscus Pty Ltd. the wholly owned subsidiary of Hibiscus Petroleum.
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