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Exoma Energy Limited (ASX:EXE) Announce Brearley 1H-11 "Fracturing and Stimulation" Programme Brought Forward
Friday July 25, 10:17 AM
Perth, Australia, July 25, 2008 - (ABN Newswire) - Exoma Energy Limited (ASX:EXE) is pleased to announce that Crusader Energy ("the Operator ") has advised Exoma that a fracturing and stimulation ("frac") drilling rig has been released earlier than expected from another drilling operation, and proposes to commence the frac programme within the next seven days.
Exoma reported Wednesday that the programme was not due to commence until late August.
Exoma estimates it will take a couple of weeks to establish stabilised production flow rates at the Brearley 1H-11 well, after the frac drilling program is complete.
Managing Director David Rowbottam said, "This is a very positive development for Exoma and demonstrates the value in having a large and well resourced Operator like Crusader Energy involved with Exoma on the Brearley well. Exoma remains committed to additional horizontal drilling in the Anadarko Basin to prove-up the potential of the Company's multi-formation strategy. We anticipate announcing an increase to 1P and 2P reserves in late August, based on the results at the Brearley 1H-11.
About Exoma Energy Limited:
Exoma Energy (ASX:EXE) is an emerging onshore oil and gas producer, focused on increasing production and revenues from the targeted development of its existing acreage additional land positions in the Anadarko Basin, Texas and Oklahoma
Contact:
Brendan Egan TEL: +61 8 9389 9400 MOB: +61 414 816 716 Media enquiries to: Tony Dawe on TEL: +61 413 322 110
Source:
Exoma Energy Limited
Copyright (C) 2008 ABN Newswire. All rights reserved.
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