Australia: Exoma Spuds Fittleworth‐1 Well

Exoma Energy announced that it has spudded Fittleworth‐1, the eleventh well of the Galilee Joint Venture’s 2012 exploration program.

This well will be drilled using EDA Rig #1. The well will be a test of the Toolebuc shale.

The well is located in Galilee Basin, approximately 30km south of Longreach, Queensland and it s target is oil and gas in the Toolebuc shale.

The well will be cored through the Toolebuc shale section and the core will be subject to laboratory analysis. On completion of coring, the well will be deepened to provide depth control to local seismic data.

Exoma has a 50% beneficial interest in both ATP 1005P and the Fittleworth‐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.

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LNG World News Staff, September 27, 2012; Image: Exoma