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Norwest to spud Xanadu-1

Written by  AOG Staff Thursday, 13 July 2017 00:00
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Australia’s Whitebark Energy said the Xanadu-1 well to be drilled onshore in the northern Perth basin, is scheduled to spud in the second half of September.

It will test an un-risked, prospective recoverable resource of 160 MMbbl oil in permit TP/15, a joint venture between Norwest Energy (25%), Whitebark (15%), Triangle Energy (30%) and 3C Group (30%).

The well will be operated by Norwest which is using the services of Aztech Well Construction and being drilled by the Enerdill-3 rig. The rig will be moved from the Waitsia field on completion of AWE’s two well drilling program.

According to Whitebark managing director David Messina, Xanadu-1 is a significant exploration well in the proven fairway with neighboring discoveries at Cliff Head, Hovea, Eremia, and Jingemia.

“We know that Whitebark shareholders want exposure to appropriately priced and risked exploration upside, without being exposed to wells that ‘bet the company’. Xanadu-1 delivers that, with modest capital cost for Whitebark while exposing shareholders to significant upside,” he said. 

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