Australia: Exoma Spuds First CSG Well


Exoma Energy Limited  announced that the Atlas No.1 rig which was mobilised to the Galilee Basin in Central Queensland to commence a 12 well exploration program has spudded in the first well, Saltern-1.

Saltern-1 is the first well to be drilled under the joint venture with CNOOC Galilee Gas Company Pty Ltd.

Exoma is joint venture operator and has a 50% interest in its five Galilee Basin permits covering 26,840 km².

CNOOC Galilee Gas Company Pty Ltd will contribute the first $50 million of exploration expenditure to earn a 50% interest in each permit.


Source: Exoma Energy, May 27, 2011;