Perth, Aug 20, 2008 AEST (ABN Newswire) - Exoma Energy Limited (ASX:EXE) announce the Brearley 1H-11 drilling update for 19 August, 2008.
Progress: The Operator has advised it has installed the pumpjack, rods and surface equipment and was scheduled to commence pumping on 19th August to complete the cleanup process. Stabilised flow rates should follow shortly afterwards. A sales pipeline connecting the well to the local gas distribution network has also been completed.
Brearley 1H-11 drilling update
Report Date: 19 August, 2008Project: Anadarko Basin Horizontal Drilling Programme
Location: Ellis County, Oklahoma
Well: Brearley 1H-11
Spud Date: 8 June, 2008
Exoma Working Interest: 25.87% (free carried)
Operator: Crusader Energy Group LLC. Objective: 1.5 BCF gas and 50,000 barrels of oil Total Vertical Depth (TVD): 8,600 feet Total Measured Depth (TMD): 13,041 feet (revised)
Current Measured Depth: 13,041 feet
David Rowbottam, Managing Director's comment:
We look forward to reporting the results of the Brearley 1H-11 well once it is put onto the pumpjack and has stabilised. Exoma remains confident the Brearley 1H-11 well will be in production soon and the completion of the sales pipeline will assist in generating cash flow shortly afterwads.
Drilling updates will be reported every Wednesday in accordance with ASX Listing Rule 3.1
Contact
Brendan Egan
Director
Office +61 8 9389 9400
Mobile +61 0414 912 901
Email began@exoma.net
For Media enquiries
Tony Dawe
Mobile +61 413 322 110
Email info@exoma.net
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