AWE: Yolla-5 development well reaches Total Depth

AWE Limited (ASX: AWE) advises that the Operator of the BassGas joint Venture in permit T/L1, Origin Energy (ASX: ORG), has confirmed that the the Yolla-5 development well has reached a Total Depth of 3,384m Measured Depth below Rotary Table (MDRT).

Yolla-5 has successfully intersected the primary reservoir targets located in the Paleocene EVCM sands (“2755”, “2809” and “2973”). Good continuity of reservoir quality and thickness is observed between Yolla-5 and Yolla-6. The well has been logged, evaluation of results is ongoing and preparations are in place to case and complete the well before being commissioned for production and tied-in to the Yolla facility.

The Yolla-5 and Yolla-6 development wells have been drilled using the West Telesto jack up rig and represent Stage 2 of the BassGas Mid Life Enhancement (MLE) project. The BassGas project consists of the Yolla offshore well head platform connected by pipeline to the gas processing facility at Lang Lang, Victoria. The Yolla platform is located in Bass Strait, approximately 140km offshore from Kilcunda, Victoria.

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