Exoma: Nora-1 Well Completed (Australia)

Exoma Energy Limited announced the Nora-1 exploration core well in ATP 991P was drilled to a total depth of 1498 metres.

The well cored a 217 metre section of Betts Creek and Aramac coal measures. A total of 15 coal core samples were put on desorption testing to measure gas content. Preliminary analysis indicates a lower than expected gas content.

The well also encountered a 17 metre section of Toolebuc shale. The section was control drilled and chip samples were recovered for laboratory testing to measure oil content and thermal maturity.

The well has been suspended as a water monitoring bore.

The EDA #2 drill rig has been released to move to the next well, Wardoo-1. The well locations are shown on the attached map.

Following completion of Wardoo-1, the EDA #2 drill rig will be released as the northern CSG drilling programme for 2012 will then be complete. EDA#1 drill rig will continue operating in ATP 1005P and ATP1008P as indicated on the attached map.

Exoma has a 50% beneficial interest in both ATP 991P and the Nora-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.

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LNG World News Staff, September 12, 2012; Image: Exoma