ZTA 0.00% 7.1¢ zeta petroleum plc

Picked this from UIL Quarterly Walyering Prospect Area The...

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    Picked this from UIL Quarterly

    Walyering Prospect Area
    The Farmin Agreement (FIA) and Joint Operating Agreement (JOA) with Bombora Natural Energy
    Pty Ltd (Bombora) for Bombora to earn a working interest and right to operate in the Walyering
    project area within UIL Energy’s 100% owned EP447 was finalised in November 2016.
    Bombora will focus on the evaluation of the previously discovered Walyering Gas Field, where 3 of
    4 historical wells encountered gas within multiple Jurassic age sands, with the best‐tested
    unstimulated zone flowing initially at 13.5 MMCF/D.
    Bombora has progressed the required ecological survey by during November 2016 with the
    ecological report finalised during the quarter. The environmental plan to conduct the 3D seismic​
    survey has been submitted to the DMP during the quarter.

    Holy snapping duck sheet Batman this is massive, seriously hope ZTA can pull this acquisition off.
 
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