Exoma Energy said that it has spudded Culloden-1, the fourth well of the Galilee Joint Venture’s 2012 exploration program.
This well will be drilled using the EDA Rig#2, the second drill rig mobilised by Exoma for the 2012 exploration campaign. The well will be a dual test of coal seam gas (CSG) in the Permian coal measures and shale oil/gas in the Toolebuc shale.
Exoma has a 50% beneficial interest in both ATP 991P and the Cjlloden-1 well. CNOOC Galilee Gas Company Pty Ltd is earning its participating interest by a farmin whereby CNOOC provides the first $50 million of joint venture expenditures on Exoma’s five Galilee Basin ATP’s.
[mappress] LNG World News Staff, July 24, 2012