15 July 2015

First of three Beetaloo Basin exploration wells successfully spudded

Origin Energy Limited (Origin)*, as operator of the Beetaloo Joint Venture, has confirmed that the Kalala S-1 well in EP98, Northern Territory, was spudded at 20:00 hours Australian Central Standard Time on 14 July 2015.

Kalala S-1 is the first of three onshore wells drilled by the joint venture, and will target the Middle Velkerri formation to assess hydrocarbon saturation and reservoir quality.

It is expected the well will be drilled to a total depth of approximately 2,800 metres. The exploration permit is located 500km south-east of Darwin.

Beetaloo Joint Venture

Origin Energy Limited (Operator)*: 35%
Sasol Petroleum Australia Limited: 35%
Falcon Oil and Gas Limited: 30%

* via wholly owned subsidiaries

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