Carnarvon Petroleum Limited (Carnarvon) reported Tuesday that the operator of Phoenix South-1 wel in exploration permit WA-435-P off Western Australia Apache Energy (Apache) has advised that theAtwood Eagle (DW semisub) is expected to be mobilized to the Phoenix South-1 well location around Thursday May 15.
Drilling is expected to start approximately 5 days after the rig has commenced its mobilization from the previous location.
The Company’s next scheduled announcement will occur once the rig has commenced mobilization.
The equity interest holders (upon satisfaction of the farm in agreement terms) are:
- Carnarvon Petroleum – 20 percent
- Apache Energy (Operator) – 40 percent
- JX Nippon – 20 percent
- Finder Exploration – 20 percent