Perth, July 25, 2008 AEST (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.
Contact
Brendan Egan
TEL: +61 8 9389 9400
MOB: +61 414 816 716
Media enquiries to:
Tony Dawe on
TEL: +61 413 322 110
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