Ausdrill (ASX: ASL) has been awarded a A$13 million contract to carry out coal seam gas (CSG) drilling services for Exoma Energy (ASX:EXE) in the Galilee Basin, Queensland.
The company has been actively pursuing opportunities in the CSG sector, having invested in new rigs and specialty equipment and the award to its subsidiary Energy Drilling Australia is testament to that effort.
Under the contract from Exoma, EDA will provide a drill rig and drilling services for 12 months with an option to extend for another 12 months.
Energy Drilling Australia had in June 2011 won a 6 month contract from Santos (ASX:STO) for the provision of CSG production and exploration drilling services in predominantly central western Queensland.
This included options to extend for another 9 months in 3 month increments. Total contract value is about A$15 million.
The company has been actively pursuing opportunities in the CSG sector, having invested in new rigs and specialty equipment and the award to its subsidiary Energy Drilling Australia is testament to that effort.
Under the contract from Exoma, EDA will provide a drill rig and drilling services for 12 months with an option to extend for another 12 months.
Energy Drilling Australia had in June 2011 won a 6 month contract from Santos (ASX:STO) for the provision of CSG production and exploration drilling services in predominantly central western Queensland.
This included options to extend for another 9 months in 3 month increments. Total contract value is about A$15 million.
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