Exoma Energy said that it has spudded Wardoo‐1, the tenth well of the Galilee Joint Venture’s 2012 exploration program.
This well will be drilled using EDA Rig #2. The well will be a test of coal seam gas (CSG) in the Permian coal measures and shale oil / gas in the Toolebuc formation.
Exoma has a 50% beneficial interest in both ATP 991P and the Wardoo‐1 well.
CNOOC Galilee Gas Company Pty Ltd is earning its participating interest by a farm‐in whereby CNOOC provides the first $50 million of joint venture expenditures on Exoma’s five Galilee Basin ATP’s.
[mappress] LNG World News Staff, September 17, 2012