AED Oil Strikes Hydrocarbons At Great Auk-1 Well In Puffin Field, Australia

Published: 07-May-2009

By: Staff Writer Staff Writer Staff Writer

AED Oil Limited (AED Oil) has reported that a six to seven meters (m) column of hydrocarbons have been discovered in the Great Auk-1 exploration well in the Puffin K1a sands (the first exploration target) at 2200m meters from the rotary table (MDRT). Further analysis of drilling logs is presently being undertaken however the presence of hydrocarbons at this location strongly supports the present hydrocarbon migration model into this area.

Drilling is continuing toward the remaining to exploration target identified for this well, the Vulcan and the Plover sands.

The surface location Great Auk-1 well is about 10 kilometers (km) south of Puffin9 (an AED oil discovery in 2006) and 16km to the west of the Skua oil field, a producing field previously held by BHP Billiton.

The Great Auk-1 well is the first of a possible two well program. A decision has now been made that should there be enough time remaining in the drilling program the second well will be an appraisal well drilled updip of Puffin9. A 6m column of oil was discovered in the UK1a sands and about 4m of oil was discovered in the LK1a sands in Puffin9.

The West Atlas jackup rig is drilling the exploration well. Water depth is 60.4m. The rotary table elevation is 37m above sea level. All depths are reported as MDRT unless otherwise specified. Weather conditions are favorable and drilling is progressing to plans.

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