cnooc deal puts focus on china's local targets, page-3

Exoma Energy to discuss gas and oil hunt in the Galilee Basin at "Stars in 2012 Series" in Sydney
Friday, August 10, 2012 by Proactive Investors The Proactive Investors "Stars in 2012" One2One Investor Forum is next up in Sydney for August 22nd, with a very strong card including; Exoma Energy, Range Resources, Strike Energy, Stanmore Coal and Australian Bauxite. Register today for free.
Exoma Energy (ASX: EXE) and its partner, Chinese major CNOOC, are currently carrying out an aggressive drilling program targeting coal seam gas, conventional oil as well as shale oil and gas targets in the Galilee Basin, Queensland.

*** CLICK HERE TO REGISTER ***

The company has so far drilled the Alma-1 well that targeted the both the Permian coal measures and the overlying Toolebuc shale, the Darr-1 shale exploration well and the Sancho-1 exploration well.

It is currently drilling the Culloden-1 shale and coal seam gas exploration well and the Katherine West-1 conventional oil exploration well.

These wells are part of a drilling program of up to 22 wells Exoma and CNOOC are drilling to appraise the coal seam gas, conventional oil and shale oil and gas resources in their acreage, which covers 27,000 square kilometres.

The wells are designed to deliver a strategic understanding of the basic geology within the 5 permits with the objective of defining the most favourable areas in which to develop reserves.

These include up to 13 coal seam gas core wells during 2012 to measure and map the distribution of gas within the Permian Betts Creek and Aramac Coal measures; 7 shale exploration wells to collect further shale geological and geochemical data on the Toolebuc shale, which covers about 20,000 square kilometres; and wells to test the Katherine West and Katherine East oil prospects.
CNOOC is providing the initial A$50 million of joint venture expenditures to earn a 50% in ATP 991, 996, 999, 1005 and 1008.

EVENT DETAILS

The event will be held on Wednesday 22nd August 2012 at the Radisson Blu Hotel – corner Pitt & O'Connell Street from 5:15pm (for a 5:30pm start).

Light refreshments will be served during the event and following the presentations will be a Wine & Canape Reception allowing you to personally interact with presenting CEOs.

While the event is FREE to attend, registrations are essential.