Sign up Australia
Proactive Investors - Run By Investors For Investors

Exoma Energy spuds first hole in Galilee Basin coal seam gas drilling program

Exoma Energy spuds first hole in Galilee Basin coal seam gas drilling program

Exoma Energy (ASX: EXE) has spudded its Alma-1 core hole in the Galilee Basin, Queensland, that will investigate both coal seam gas and shale gas potential in the area.

It will test both the Permian Coal Measures and Toolebuc Shale for coal seam gas and shale oil/gas potential.

Alma-1 is located in ATP 966 about 100 kilometres north of Longreach and is the first of up to 22 wells Exoma and its partner CNOOC are drilling to appraise the coal seam gas (CSG), conventional oil and shale oil and gas resources in their aacreage, which covers 27,000 square kilometres.

The wells are designed to deliver a strategic understanding of the basic geology within the 5 permits with the objective of defining the most favourable areas in which to develop reserves.

These include up to 13 CSG core wells during 2012 to measure and map the distribution of gas within the Permian Betts Creek and Aramac Coal measures; 7 shale exploration wells to collect further shale geological and geochemical data on the Toolebuc shale, which covers about 20,000 square kilometres; and wells to test the Katherine West and Katherine East oil prospects.

 

Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.



Register here to be notified of future GGL Company articles
View full GGL profile View Profile

The Gruden Group Ltd Timeline

Newswire
May 16 2014
Newswire
November 29 2012

Related Articles

Renzi-on-referendum_514417426.jpg
November 30 2016
Avanti Energy Inc sees investment opportunities, despite Italy’s looming constitutional referendum
oil can with nodding donkeys in the background
March 16 2017
While it hasn’t yet, the market will eventually catch on to this mismatch between risk and potential return.
shutterstock_11305309.jpg
February 22 2017
Hillcrest Petroleum has signed a letter agreement with a Canadian oil and gas company, whereby the company will earn up to a 75% working interest and become the operator of record in two petroleum assets located in Western Canada, it said on Tuesday

© Proactive Investors 2017

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use