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Wednesday, May 25, 2011

Apache Northwest Reaches TD at La Rocca Well

- Apache Northwest Reaches TD at La Rocca Well

Wednesday, May 25, 2011
Oilex Ltd.

Oilex has been advised by the Operator that the La Rocca-1 exploration well has reached total depth of 4,864 meters after drilling through the Intra Mungaroo Formation channel sandstone primary objective. There are no indications of gas in the LWD and mud log data and
final wireline logs will now be run.

The participating interests in the WA-388-P permit after satisfaction of the requirements of the farm- in agreement and amendment, are set out below:

Joint Venture Party/ Participating Interest
  • Oilex Ltd 8.4%
  • Apache Northwest Pty Ltd (Operator) 40%
  • Sasol Petroleum Australia Ltd 18%
  • Videocon Industries Ltd 8.4%
  • Gujarat State Petroleum Corporation Ltd 8.4%
  • Bharat PetroResources Limited 8.4%
  • Hindustan Petroleum Corp. Ltd 8.4%

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