Drillsearch Energy unveils three-well exploration drilling program

Check out the program's prospects.

According to Pattersons Aussie Aftermarket, drillsearch Energy (DLS) advise that it has commenced a three-well exploration drilling program in its 100%-owned and operated portion of the Western Cooper Wet Gas Project in PEL 106A.

This program will drill three prospects: Wamberal-1, Moruya-1 and Narrabeen-1. On an aggregate basis the program is targeting up to 61 BCF of recoverable raw gas and 2.4 mmboe of condensate and LPGs on an aggregate best estimate basis.

Here's more from PS Aussie Aftermarket:

Conventional gas accumulations in the Western Cooper Wet Gas Project Area typically contain gas with significant associated quantities of condensate and LPGs ranging from anywhere between 30 to 180 BOE per 1 mmscf of recoverable raw gas.

This program will commence with Wamberal-1 which is expected to spud on Monday, 25 March 2013.

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