ASX release by STU today:
"Cooper Basin oil producer and explorer, Stuart Petroleum Limited (ASX:STU)will spud its maiden offshore well, Bazzard-1, in the offshore Gippsland Basin, on or about 19 September 2008.
The West Triton jack-up drilling rig is this morning preparing to move to the Bazzard location.
Bazzard-1 targets a probabilistic mean recoverable oil potential of approximately 100 million barrels in five Intra-Latrobe Group reservoirs.
It is expected to take 22 days to drill and evaluate, in an area surrounded by world class oil and gas fields, including the Esso-BHPB Kingfish and Fortescue oil fields."
bazzard spud announcement
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