In an announcement to the Australian Securities Exchange, Burleson Energy, which holds a 38% working interest in the project, said it, operator AKG Energy (with 16.5%) and interests holding a further 3% had agreed to the development plan.
The Truchard-2H well will be in a 268.7 hectare unit of the total field area – making up about 15% of the total, with the non-participants to lose their equity stakes.
The
