Avery Spuds Wompi Well in Cooper Basin
Avery Resources Inc. said that it has embarked on the first well of a three well drilling program in the ATP 752P Wompi Block. Drilling of the Marracoonda-2 exploration well has commenced in the 236,700-acre Wompi Block, located in the Queensland sector of Australia's Cooper Basin. Avery has the right to earn up to 50 percent in the block.
The Australian operator, Bow Energy Limited, expects this multi zone potential well to be drilled to a depth of 1,900 meters. The well is expected to take approximately 16 days to drill and evaluate.
Avery plans to drill the other two wells in the Wompi Block program, Gamma-1 and Nora-1, immediately following Marracoonda-2. Gamma-1 will test a structure that is located up-dip from two wells that had strong oil shows in multiple horizons. Nora-1 will test a structure that is on trend with the adjacent Watson and Watson South oil fields that have produced more than three million barrels of oil to date.
Avery Resources is an international hydrocarbon exploration and production company based in Calgary, Alberta. The Company is committed to growing shareholder value through international acquisitions and exploration in countries that provide significant exploration upside coupled with favorable fiscal and legal systems. Avery's primary interest is in Australia, where the Company is building a significant presence through production, partnerships, drilling and acquisitions. Avery is focusing its current drilling activity in the Cooper Basin region of Australia.