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.

View full GGL profile View Profile

The Gruden Group Ltd Timeline

Newswire
May 16 2014
Newswire
November 29 2012

Related Articles

data privacy
Wed
The company's MediaConsent platform provides consumers control of their data and privacy.
Vault online software in the cloud image
August 08 2018
The company has achieved strong sales on the back of its risk and safety management software systems.
An energy plant
August 13 2018
The exclusive contract will run its course for two years and includes a one -year extension option

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

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