Appendix 4E, Directors' Report and Annual Financial Report for the year ended 30 June 2010
The Operator, AWE, advises that at 0600 hours today plug and abandonment operations were starting at the Kahu-1 exploration well. No significant hydrocarbons were detected within target sandstone reservoirs.
PPP has a long history in the offshore Carnarvon Basin, Western Australia, which includes past production from the South Pepper and North Herald oil fields and the Tubridgi gas field.