Spitfire Starts Drilling at Salmon Gums in Western Australia
Spitfire Oil announces that it is about to re-commence drilling at its Salmon Gums project in Western Australia.
The company already has a JORC standard Inferred lignite resource of more than 500 million tonnes with an estimated extractable oil inventory of more than 200 million barrels of liquid fuels.
The drilling will focus on an extensive infill drilling program in 2008 and 2009 to further refine the current JORC resource and a step out drilling program to substantially expand the resource estimate and the recoverable oil inventory based on several unexplored zones identified recently by Spitfire’s consulting geologists, CSA Australia, after the completion of an airborne Electromagnetic (SkyTem EM) survey in October 2007.
- Spitfire Starts Up Production on New Pool Discovery Well in Canada (Aug 25)
- Spitfire's Q3 Cash Flow Increases 236% (Mar 03)
- Increase in Oil Production Offsets Spitfire's Losses in Gas Production (Mar 03)