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Exoma Energy To Discuss Gas And Oil Hunt In The Galilee Basin At "Stars In 2012 Series" In Sydney

Aug. 09, 2012 9:10 PM ET
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Exoma Energy (ASX: EXE) and its partner, Chinese major CNOOC, are currently carrying out an aggressive drilling program targeting coal seam gas, conventional oil as well as shale oil and gas targets in the Galilee Basin, Queensland.


The company has so far drilled the Alma-1 well that targeted the both the Permian coal measures and the overlying Toolebuc shale, the Darr-1 shale exploration well and the Sancho-1 exploration well.

It is currently drilling the Culloden-1 shale and coal seam gas exploration well and the Katherine West-1 conventional oil exploration well.

These wells are part of a drilling program of up to 22 wells Exoma and CNOOC are drilling to appraise the coal seam gas, conventional oil and shale oil and gas resources in their acreage, 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 coal seam gas 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.

CNOOC is providing the initial A$50 million of joint venture expenditures to earn a 50% in ATP 991, 996, 999, 1005 and 1008.


The event will be held on Wednesday 22nd August 2012 at the Radisson Blu Hotel - corner Pitt & O'Connell Street from 5:15pm (for a 5:30pm start).

Light refreshments will be served during the event and following the presentations will be a Wine & Canape Reception allowing you to personally interact with presenting CEOs.

While the event is FREE to attend, registrations are essential.

EARLY BIRD DOOR PRIZE: If you arrive by 5:15pm and register for the event - you qualify for the Special Door Prize of a HD James Bond Spy Pen Digital Video Camera & Recorder.

LUCKY DOOR PRIZES: All attendees instantly go into the draw to win 1 of 3 lucky door prizes drawn on the night of a $100 STA Travel Voucher or a $100 Ticketek Voucher.


Exoma Energy (ASX: EXE) holds both conventional and unconventional oil and gas permits in the Galilee Basin, Queensland, and is engaged in joint exploration with China's CNOOC.

Strike Energy (ASX: STX) is a high margin gas and condensate producer with assets in the Eagle Ford Shale, Texas, as well as the Cooper Basin, South Australia.

Stanmore Coal (ASX: SMR) is on the path to production from some strategically well positioned projects near infrastructure in Queensland, which already host Reserves of 94Mt and Resources of 498Mt.

Australian Bauxite (ASX: ABZ) has an extensive portfolio of 42 bauxite tenements in Australia covering almost 9000sqkms, which have proximity to infrastructure connected to export ports and are free of socio-environmental or native title land constraints.

Range Resources (ASX: RRS, AIM: RRL) is an oil and gas company focusing on exploration operations in Puntland along with production in Trinidad and exploration acreage in Texas and Somalia.

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.

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