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SKY METALS LIMITED — Capital/Financing Update 2014
Apr 28, 2014
65807_rns_2014-04-28_a4250ac1-ba1e-409e-a8b4-6671e5ed8dd5.pdf
Capital/Financing Update
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29 April 2014
The Manager Companies ASX Limited 20 Bridge Street SYDNEY NSW 2000
(1 page by email)
Dear Madam
SPRIGG-1 EXPLORATION WELL UPDATE 6
The following provides an update on the Sprigg-1 exploration well as reported today by the operator Senex Energy Limited ('Senex').
Senex are quoted: “No net pay calculated with a gas show in the Paning Member. Well suspended pending evaluation of test results”.
About Sprigg-1
The Sprigg-1 prospect is located in the central eastern sector of PEL 514 in the South Australian Cooper Basin.
Planet Gas holds a 20% project interest in PEL 514 while Senex Energy Limited ('Senex'), holds an 80% interest and is the operator. The Sprigg-1 well forms part of the initial farm-in agreement and second agreement with Senex. Planet Gas is free carried for the program.
For further information, contact Anthony McClure or Peter Nightingale on +61 2 9300 3322.
Yours sincerely
Peter J. Nightingale Director pjn7716
Planet Gas Limited[ ABN][ 46 098 952 035]
Level 2, 66 Hunter Street Sydney NSW 2000 Australia T +61 2 9300 3322 F +61 2 9221 6333
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