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.