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Market: ASX
Sector: Oil and Gas Exploration and Production
Epic: ASX:AED
News: Latest news
Web Site: AED Oil
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Friday July 03, 07:01Commercial property: The contrarian view

The global recession has hit commercial real estate companies hard, with capital values falling 43.6% from their peak in June 2007.

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Thursday July 02, 10:45Rubicon Minerals, Eastmain Resources and Fission Energy to present at 7 July Investor Forum, Toronto, Canada

Our three presenting companies are well established mining companies with advanced stage assets. All three companies are well-funded and managed by a team of experienced professionals

 

 

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AED Oil

AED Oil

AED Oil Limited (AED) is a Melbourne-based oil exploration and development company with 40% equity interest in the permits AC/P22, AC/L 6 (the Puffin Field) and AC/RL 1 (Talbot) located in the Bonaparte Basin in North Western Australia, 80km South-West of the Jabiru and Challis oil fields and 20km from the Skua oilfield.
Friday, December 19, 2008

AED Oil's Puffin-12 drilling to recommence

AED Oil's (ASX:AED) Puffin‐12 development well in north Western Australia is being drilled in the NE region of the Puffin Field and is the second of a two well programme, the first well of which was the Puffin‐11 discovery approximately 9km away in the SW of the field.

The Puffin‐12 ST3 well has reached a depth of 940m MDBRT (Measured Depth from Rotary Table) prior to a temporary interruption due to cyclone activity in the region. The threat of Cyclone Billy has now diminished with manning up and drilling to recommence shortly.

As reported last week the Puffin 12 ST2 well has two main objectives. The primary objective is to drill and complete a production well at the end of the drilling programme. The secondary objective has been to appraise the eastern extent of the NE sector which is difficult to interpret from seismic and for this purpose various pilot holes have been drilled.

This completes the secondary objective and will enable better definition of the field. The well will now be sidetracked to drill a horizontal section with the objective of being completed for production.

AED Oil was trading at $1.02.

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