Who Dat West exploration well update

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Stock Karoon Energy Ltd (KAR.ASX)
Release Time 20 Jan 2025, 10:59 a.m.
Price Sensitive Yes
 Who Dat West exploration well update
Key Points
  • No significant hydrocarbon bearing intervals found in the drilled section
  • Well to be plugged and permanently abandoned
  • Drilling campaign concluded, joint venture to commence studies on potential development options
Full Summary

Karoon Energy reports that the Who Dat West exploration well, MC 629-1, has reached a final Total Depth (TD) of 7,147 metres measured depth. Analyses of LWD (logging while drilling) and drilling data confirmed that no significant hydrocarbon bearing intervals were present within the drilled section. The well will now be plugged and permanently abandoned. The Who Dat West well was drilled by the Noble Valiant drillship with all planned operational objectives achieved. A high quality dataset has been acquired to integrate into an assessment of the remaining prospectivity within the lease. The Who Dat West well is located within Mississippi Canyon Block 629 located 31 kilometres west of the Who Dat Floating Production System (FPS). Who Dat West is the final well of the 2024 Who Dat near field exploration/appraisal campaign, which resulted in important discoveries at Who Dat East and Who Dat South. With the drilling campaign concluded, the Who Dat Joint Venture will now commence studies on the potential development options for the discoveries. The Who Dat West Joint Venture working interests in Lease 629 at the conclusion of the drilling campaign will be as follows: LLOG (operator) 30%, Karoon 35%, Westlawn Americas Offshore 30%, and Houston Energy 5%.