Carnarvon Basin Drilling Program on Track
Strike Oil
Strike Oil Limited's Carnarvon Basin 2004 oil exploration drilling program is
scheduled to commence in October 2004 and outlined below.
* Strike Oil funding 50% to earn 40% interest
All the 3 wells will be drilled using the Ensco 56 drilling rig once it completes its current contracted program with another operator. The schedule could vary leading up to the drilling due to weather or operational issues.
Well Permit | Strike Oil Interest | Timing |
altostratus-1, TP/17 | 100% | early-mid October |
Boojum-1, TP/18 | 50% | early-mid November |
Champion-1, EP 325 | 40%* | early-mid November% |
* Strike Oil funding 50% to earn 40% interest
All the 3 wells will be drilled using the Ensco 56 drilling rig once it completes its current contracted program with another operator. The schedule could vary leading up to the drilling due to weather or operational issues.
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