• Mereenie development well WM29 successfully completed
• WM30 well spudded and designed to boost Mereenie gas production
• Wells expected to increase gas supply under Northern Territory Gas Sales Agreement

Horizon Oil Limited has announced the successful completion of the first well, WM29, in the Mereenie Development program. The well was drilled and cased across the shallower Stairway and Pacoota-1 Formations, with the casing shoe set at 1,213.4 metres TVDRT. Air-drilling continued to 1,326.3 metres TVDRT through the primary Pacoota-3 reservoir target, and the well was successfully completed. The WM29 tie-in is expected to be completed toward the end of January. The company has also spudded the second development well, WM30, on 16 January. This well is being drilled at a crestal location along strike to the west of WM29 and is designed to further increase Mereenie Field gas production. The drilling program for this well incorporates insights gained from WM29. Together with the WM29 development well, WM30 is expected to boost Mereenie gas rates, enabling the Joint Venture to supply additional gas volumes into the recently executed Northern Territory Government Gas Sales Agreement.