Exoma to Spud Alma-1 CSG, Shale Well on May 5

Exoma Energy has announced that Alma-1 exploration well in the Galilee Basin, which was supposed to spud on April 25 will now spud on May 5. The delay is due to wet weather in the region.

The well will investigate both coal seam gas and shale gas potential in the area.

Alma-1 is located in ATP 966 about 100 kilometres north of Longreach and targets both the Permian coal measures and the overlying Toolebuc shale.

Exoma and partner CNOOC are planning to drill 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.