Exoma: Rocky Creek‐1 Well Completed, Australia

Exoma: Rocky Creek‐1 Well Completed

Exoma Energy Limited announced the Rocky Creek‐1 exploration well in ATP999P has been completed on Saturday 8 September 2012.

The well was drilled to a total depth of 963 metres and cored 43.6m including a 27 metre section of the Toolebuc Shale formation. The shale samples will be subject to geochemical analysis. The data from this well forms part of the Galilee Joint Venture’s assessment of the extent of maturity of the Toolebuc shale as an oil and gas resource.

The well has been plugged and abandoned as planned. The EDA 1 drill rig has been released to move to the next well, Brixton‐2, a CSG core well in ATP 1008P.

Exoma has a 50% beneficial interest in both ATP 999P and the Rocky Creek‐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 10, 2012; Image: Exoma