Exoma Energy Spuds Second CSG Well (Australia)

Exoma Energy Limited announced the spudding of Wonganella-1, the second well of 12 wells in the 2011 exploration campaign in the Central Queensland Galilee Basin.

Wonganella-1 is the second 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.

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Source: Exoma Energy, June 23, 2011;