Sasanof-1 Milestone – Final Regulatory Approval For Drilling

Global Oil and Gas (ASX:GLV) is pleased to announce that Western Gas has now secured all necessary Government approvals required to drill the Sasanof-1 exploration well on the North West Shelf.

Highlights

• Western Gas has now secured all necessary Government approvals required to drill the Sasanof-1 exploration well on the North West Shelf
• Sasanof-1 exploration well is targeting a 2U Prospective resource of 7.2 Tcf gas and 176 Million bbls condensate (P50)1, with a 32% geological chance of success

This significant milestone follows formal advice from the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) that Western Gas’ proposed Well Operations Management Plan (WOMP) had met government requirements considering health, safety and well integrity aspects.

The WOMP is a regulator-approved document which describes the procedures and processes by which Western Gas will safely construct the well, conduct data acquisition and importantly maintaining the integrity of the well during these activities. The well is planned to be permanently plugged and abandoned on completion of drilling and data acquisition activities.

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