Exoma Spuds Alma-1 Well (Australia)

Exoma Energy Limited said that it has spudded Alma-1, the first well of the Galilee Joint Venture’s 2012 exploration program.

The well will be a dual test of coal seam gas (CSG) in the Permian coal measures and shale oil/gas in the Toolebuc shale.

Exoma has a 50% beneficial interest in both ATP 996P and the Alma-1 well.

CNOOC Galilee Gas Company 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.


LNG World News Staff, May 8, 2012