The company is drilling the Fittleworth-1 shale exploration well in permit ATP 1005P to a planned total depth of 1,159m and is targeting oil and gas in the Toolebuc shale.
Exoma has plans to core the well through the Toolebuc shale section. The core samples will then be analyzed in laboratory.
Upon the completion of coring Exoma will further drill the well to provide depth control to local seismic data.
The company owns 50% interest each in the permit ATP 1005P as well as in the exploration well.
CNOOC, joint venture partner of The Galilee Joint Venture 2012 exploration program, is providing the first $50m of the partnership’s expenditures for Exoma’s five Galilee Basin ATP exploration permits.
