Exoma Energy (ASX: EXE) and CNOOC have spudded the sixth well of their 2012 exploration program in the Galilee Basin that targets both shale oil and gas as well as conventional oil prospectivity.
Scotty Creek-1 will be drilled to log and recover chip samples in the Toolebuc shale before it is deepened as a low cost assessment of any underlying conventional oil prospectivity in the Jurassic Adori Sandstone.
This will provide further data for Exoma’s evaluation of the oil and gas resource in the Toolebuc Shale with analysis of the chip samples expected to provide additional information on the distribution of shale properties.
While targeted primarily at the shales, Scotty Creek-1 will be cased and suspended for testing if oil is encountered in the secondary target.
Read More
Proactive Investors
No comments:
Post a Comment