AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Sign up Log in

CORELLA RESOURCES LTD Capital/Financing Update 2011

Jun 22, 2011

64703_rns_2011-06-22_7e5603d5-d60a-4ac4-a194-be41629c3dd3.pdf

Capital/Financing Update

Open in viewer

Opens in your device viewer

23 June 2011

==> picture [143 x 47] intentionally omitted <==

ASX Announcement

Second CSG Well -Wonganella-1 Spuds

Exoma Energy Limited (ASX:EXE) is pleased to announce the spudding of Wonganella-1, the second well of 12 wells in the 2011 exploration campaign in the Central Queensland Galilee Basin.

Well Name:	Wonganella-1
Permit:	ATP 1008P
Location:	Galilee Basin, approximately 70km NNE of Longreach, Queensland.
	Details are shown on the attached map.
Target:	Primary Target: Coal Seam Gas in the Permian Betts Creek and
	Aramac coal measures. The coal measures are to be cored for
	desorption testing, the well will be logged and selected coal intervals
	may be drill stem tested to measure permeability.
	Secondary Target: Shale gas in the Toolebuc Formation; to be
	tested by chip sampling and logged.
Planned Depth:	1115 metres

The location of Wonganella-1 and the further planned wells are shown on the attached map.

Wonganella-1 is the second well to be drilled under the joint venture with CNOOC Galilee Gas Company Pty Ltd. Exoma is joint venture operator and has a 50% interest in its five Galilee Basin permits covering 26,840 km². CNOOC Galilee Gas Company Pty Ltd will contribute the first $50 million of exploration expenditure to earn a 50% interest in each permit.

FURTHER INFORMATION

Rob Crook Media Contact: David Tasker Chief Executive Officer Professional Public Relations +61 7 3226 5600 +61 8 9388 0944/0433 112 936 Email: [email protected] Email: [email protected]