AWE’s Otway basin drilling update

Australian Worldwide Exploration Limited (AWE) has commenced drilling on the Netherby-1 well on July 15, 2008.

The Netherby-1, operated by Santos, is the second well in the current drilling programme, which will target additional gas reserves in the offshore Otway Basin.

The company said that the rig was setting surface conductor at a measured depth of 131 metres.

The Netherby-1 well is designed to test the Waarre “A” Sandstone and will be drilled to a planned total depth of 1,823 metres. The Netherby-1 is located in VIC/P 44, approximately 4 kilometres north of the Henry-1 gas discovery.