Project Profile
Location: Perth Basin, Australia
Exploration start-up: March 2013
Drilling Depth: 1,500 metres/ 4,500 feet
Titan Energy holds a 100% interest in the DR11 permit which is located in the northern section of the Perth Basin. The Company recently commenced its initial drilling programme in the DR11 permit with the spudding of the Warradarge-1 exploration well in late March 2013. Warradarge-1 is planned to be drilled to a Total Depth (TD) of approximately 1,500 metres (4,500 feet) and Titan Energy aims to collect formation cutting samples and utilise modern downhole data acquisition tools during the drilling programme to assist in fully assessing the conventional and unconventional hydrocarbon potential within this section of DR11. The well is targeting the proven Cadda Formation and Cattamarra Coal measures of the Jurrasic sediments within DR11.
DR11 is located approximately 280 km north of Perth, lies 10 km to the west of the Woodada gas field and 20 km north-west of the recent Arrowsmith gas discovery by Norwest Energy NL and AWE Limited. Titan Energy is also seeking approval for the drilling of the Warradarge-2 exploration well after the authorities elected to separately consider environmental approvals for Warradarge-1 and Warradarge-2. Warradarge-2 is currently planned to be located 4,100 metres to the north east of Warradarge-1 under a matching drilling plan. The Company will update the market further on approvals for Warradarge-2 as they get closer to conclusion.
Operators:
Titan Energy: Operator with 100% interest