Mereenie Development Program: WM29 Completed and WM30 Underway

Jan 16, 2025

Horizon Oil Limited (ASX: HZN) has achieved a milestone with the successful completion of WM29, the first well in the Mereenie Development Program. WM29 was drilled and cased through the Stairway and Pacoota-1 Formations, reaching 1,326.3 meters TVDRT, including the primary Pacoota-3 reservoir target. The tie-in for WM29 is anticipated by the end of January, marking a key step in boosting gas production from the Mereenie Field.

The second development well, WM30, was spudded on 16 January 2025 at 08:00 ACST at a crestal location west of WM29. Incorporating insights from WM29, WM30 is designed to enhance production further. Together, these wells are expected to significantly increase Mereenie Field gas output, supporting the recently executed Northern Territory Government Gas Sales Agreement. The program underscores Horizon Oil’s commitment to expanding gas supply and operational efficiency.

 

 

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