Exoma Energy Limited announced that it has spudded Rocky Creek-1, the eighth well of the Galilee Joint Venture’s 2012 exploration program. Rocky Creek-1 is a test that will be drilled to log and core the shale oil/gas in the Toolebuc.
This well will provide further data for Exoma’s evaluation of the oil and gas resource in the Toolebuc Shale. Analysis of core samples will provide additional information on the distribution of shale properties which will continue appraisal of the shale oil & gas resource identified by the Bessies/Euston/Katherine wells in 2011.
The well is specifically designed for shale exploration. It is planned that the well will be plugged and abandoned after it is drilled, cored and logged.
Exoma has a 50% beneficial interest in both ATP 999P and the Rocky Creek-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 29, 2012