Exoma, CNOOC Complete Brixton‐2 CSG Well

Exoma Energy and CNOOC have completed Brixton‐2 exploration core well in their 2012 drilling program in the Galilee Basin, Queensland.

The well was drilled to the depth of 1,105 metres and cored a 322.5 metre section of Betts Creek and Aramac coal measures. A total of 14 metres of coal core samples have being put on desorption testing to measure gas content.

The well also encountered a 7 metre section of Toolebuc shale. The EDA #1 drill rig has been released to move to the next well, Fittleworth‐1.

Exoma has a 50% beneficial interest in both ATP 1008P and the Brixton‐2 well.  CNOOC Galilee Gas Company Pty Ltd is earning its participating interest by a farm‐in whereby CNOOC provides the first $50 million of joint venture expenditures on Exoma’s five Galilee Basin ATP’s.