Target Drills Ahead in the Sydney-1 Well, Progresses Fairway Project

Target Energy said Wednesday that it is drilling ahead in the Sydney-1 well, after having successfully addressed a technical issue relating to a loss in circulation at 5,915 feet.

The company will be drilling ahead in the sidetrack well; it is aiming to reach a target depth of 7,415 feet.

Target revealed in January that it was experiencing problems with progressing in the Sydney-1 well. The company said in an earlier disclosure that it experienced issues with swelling shales and gravels in the shallower of the well section.

Sydney-1 is part of Target's onshore Fairway four-well program. The other three wells in the project are the Darwin-1, Darwin-2 and Darwin-3 wells.

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