TITLE

For whom the wells toll

AUTHOR(S)
Haselhurst, David
PUB. DATE
May 2005
SOURCE
Bulletin with Newsweek;5/31/2005, Vol. 123 Issue 6472, p49
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article reports that oil may have slipped below the magical $U.S.50/barrel mark but investors in explorers with drilling programs should be cautious. The Century 3 drilling rig spudded the well at dawn on May 18, 2005 within tenement PEL88, 200km north-east of Moomba, South Australia. It reached its first target at a depth below 1000m on Sunday. Operator Cooper Energy has a 30% equity in the well, with the balance held by Sundance Energy Australia, Enterprise Energy and Victoria Petroleum and Liberty Petroleum.
ACCESSION #
17221559

 

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