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Monday, 01 December, 2008, 22:50 GMT | more >>

Oz junior spuds Flax-6



By Upstream staff 

Innamincka Petroleum said it had spudded the Flax-6 appraisal well on the Cooper basin in Queensland this morning and plans to reach a total depth of 2800 metres over a period of 18 days.

The well is the second of a five-bore programme further delineating the Flax and Juniper fields and exploring for an oil accumulation north of the Yarrow field.

The company said the first well of the programme, Flax-5 has been cased as a future oil producer.

Innamincka is the operator and holds a 75% stake in the project, while SCGAU, a subsidiary of Seoul City Gas, holds the remaining 25%.

The Australian outfit holds interest in three exploration permits covering about 4400 square kilometres of core Cooper Basin acreage. The permits are surrounded by existing oil and gas fields and are near to production facilities and major pipelines, the company said.


Monday, 11 February, 2008, 03:48 GMT  | last updated: Monday, 11 February, 2008, 03:48 GMT

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