The Booth-1 well has reached Total Depth of 2812m measured depth (md).
The Kingia, Dongara and Cattamarra targets have been drilled and evaluated
No moveable hydrocarbons were discovered in any of the reservoir targets
Triangle Energy Global Ltd advises that the L7 Joint Venture comprising Triangle, Strike
Energy and Echelon Resources has reached total depth (TD) in the Booth-1 well
in the North Perth Basin. The Booth-1 well was drilled ahead of schedule and below budget but did not
encounter moveable hydrocarbons in any of its targets.
The Booth-1 well, drilled in the L7 permit in the North Perth Basin has surface location and elevation details
as follows:
Location Lat / Long: S 29° 7' 56.63459", E 115° 9' 7.67690"
Location Grid N/E Y/X: N 6775934.040 m, E 320231.150 m
TVD Reference Elevation: 228.910 m above MSL
Seabed / Ground Elevation: 220.180 m above MSL
The Booth-1 well reached TD just before 9.00 am on the 7th August 2024 and will be plugged and
abandoned over the next few days.
Triangle Managing Director, Conrad Todd, said: “The Booth well did not encounter hydrocarbons,
which is extremely disappointing.
The Booth-1 well was drilled to its target depth significantly faster than prognosed and under
budget. This is a credit to the rig management and operations team and all service providers who
contributed to a highly efficient operation. This will reduce the net cost to the Joint Venture and to
Triangle.
We will now focus on the upcoming Becos-1 well in the adjacent EP 437 permit, which is an entirely
independent prospect. We will also assess the impact of this well on the remaining prospectivity
of the L7 permit to determine the third well to be drilled in these permits”.
Authorised for Release by: The Board of Directors