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Tuesday, 02 December, 2008, 22:50 GMT | more >>

Mosaic plugs Armstrong duster



By Upstream staff 

Mosaic Oil is set to plug and abandon the Armstrong-1 well in Queensland’s Surat-Bowen basin after wireline logs confirmed that the Showground Sandstone reservoir - the primary target - is water bearing.

“We are obviously disappointed with the result of Armstrong-1. However, geological data obtained from the well will provide Mosaic with valuable information for our on-going evaluation of ATP-709P as well as the general area,” the company’s managing director Lan Nguyen said.

The drilling rig is now being mobilised to Waggamba-5H on permit PL-202 in the same basin.

Mosaic has a 100% interest in the ATP-709 permit.


Friday, 06 June, 2008, 02:47 GMT  | last updated: Friday, 06 June, 2008, 07:35 GMT

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