Exoma Energy Outlines 2012 Galilee Basin Drilling Program

Exoma Energy is set to commence its 2012 drilling program in the Galilee Basin, Queensland, to test the conventional and unconventional gas resources it discovered last year.

The company along with its joint venture partner CNOOC will drill up to 22 wells across its 27,000 square kilometre acreage to appraise the coal seam gas (CSG), conventional oil and shale oil and gas resources.

Exoma said it will drill 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.

The wells will also seek to provide the technical basis to convert the estimated 31 trillion cubic feet of potential gas resources in 7 independent prospect areas into reserves during 2013 as well as identify production sweet spots for long term testing.

The partners also plans to drill and core 7 shale exploration wells to collect further shale geological and geochemical data on the Toolebuc shale, which covers about 20,000 square kilometres.

The results from the core wells drilled at the Bessies-1, Euston-1 and Katherine-1 locations show that the shale has generated significant quantities of hydrocarbons with samples recovered during drilling and in laboratory testing of cores.