Exoma Energy Limited announced that it has spudded Nora-1, the seventh well of the Galilee Joint Venture’s 2012 exploration program. This well will be drilled using EDA Rig #2.
The well will be a dual test of coal seam gas (CSG) in the Permian coal measures and shale oil/gas in the Toolebuc Formation shale.
Exoma has a 50% beneficial interest in both ATP 991P and the Nora-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, August 24, 2012