12 October 2016

Beetaloo joint venture update

Origin Energy Limited (Origin) has submitted a notification and initial report to the Northern Territory Department of Primary Industry and Resources to confirm the discovery of hydrocarbons at Amungee NW-1H, the final well in Stage 1 of the Beetaloo joint venture. 

Production testing is underway and a further update will be provided once completed.

The notification and initial report of discovery are a requirement under the NT Petroleum Act and the details listed below satisfy the requirements of the Reporting a Petroleum Discovery Guideline.

Permit

EP98

Well

Amungee NW-1H

Data

Production test data supported by petrophysical log data and both full and sidewall core

Rate

Variable gas rates ranging from 0.8-1.2 mmscf/d (note that the well is also flowing back fracture stimulation fluid volumes, ranging from 100-400 barrels per day)

Hydrocarbon properties (initial estimates)

C1: ~95%, CO2: 2-4%, C2+: 1-3%

Physical properties of the pool (initial estimates)

Thickness: 30m; Porosity: 4-7.5%; Gas saturation: 50-75%; Permeability: 50-500 nD

Petroleum in place (initial estimate)

Evaluation underway


Contacts

Media
Stephen Ellaway
Senior External Affairs Manager
Ph: +61 2 9375 5834
Mobile: +61 417 851 287
Investors
Joanna Nelson
Group Manager, Investor Relations
Ph: +61 2 9375 5708
Mobile: +61 459 837 251