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The
Company believes that the demand for oil and gas will continue to increase
despite the recent financial downturn. Any discovery made in its Surat, Otway or Taranaki Basin
permits should add significantly to its value. Click
Item to read more …
1. Drilling of up to five Coal Seam Gas (CSG) wells in
the Surat Basin
2. Acquisition of 3-D seismic with TRUenergy
3. New Simpson Seismic / Drilling Program
4. Exploration in the Taranaki Basin
5. Udacha Gas Field in the Cooper Basin
6. Uranium project in Central Montana
7. Farming out of Otway Basin
The company will
be farming out two wells in PELS 154 and 155 in the Otway Basin.
Both the Nangwary Propspect in PEL 155 and the Benara Prospect in PEL 154
are defined by 3-D seismic. Drilling will occur in 2009, once suitable farm
-in partners have been found.
8. Focus on Onshore Exploration
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