RICH OIL FLOW

Press, Volume C, Issue 29699, 18 December 1961, Page 15

RICH OIL FLOW

Seven Times Estimate (N.Z. Press Aon.—Copyright) SYDNEY. Dec. 17. Oil flowed from the Moonie No. 1 well in Southern Queensland at the rate of 1765 barrels daily during a test today. Earlier this month th. Union Oil Development Corporation estimated that the well was capable of producing 250 barrels a day. The resident manager of the corporation, Mr D. T. Graves, said today that the test at nearly 9000 feet for 58 minutes produced clear 47 gravity oil. and estimated a daily gas flow of 175.000 cubic feet. Mr Graves said no water was recovered in the test. "Additional tests of short duration will be conducted of an upper zone prior to commencement of the sustained production testing programme anticipated later this week," he said. The well is situated in the Surat Basin, 200 mile, wert of Brtebane. It is about 200 miles south of the No. 1 C aba win well where a geyser of oil. gas and mud occurred earlier this year The Moonie well is a Joint venture of Union, kern County Land Company and the Australian Oil and Gas Corporation. Sledge Trek.—Five Russian explorers hav. completed an 881-mile trek with a tractordriven sledge train through Antarctica to the Soviet scientific station Vostok, near the southern magnetic pole, the Soviet news agency Tass reported today.—Moscow, December 18.