Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Tamaska Oil & Gas drilling Texas Permian Basin oil well  Join our daily free Newsletter

MENAFN - ProactiveInvestors - Australia - 18/12/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN - ProactiveInvestors - Australia) Tamaska Oil & Gas (ASX: TMK) is participating in the drilling of a well in the Permian Basin, Texas, that targets between 350,000 and 450,000 barrels of oil.

The Clayton Johnson-3F well in the Clayton-Johnson Prospect will test the Fusselman formation dolomite adjacent to the CML Muleshoe Ranch-1 well, which has produced over 124,000 barrels of oil to date.

It is also immediately up-structure to a recent completion by Raw Oil that is producing at initial rates of 185 barrels per day.

Tamaska will earn a 12.5% interest after casing point in the initial well and the prospect through funding its share of dry hole costs for Clayton Johnson-3F. This is expected to be about 200,000.

The Clayton-Johnson Prospect consists of 160 leased acres in Borden Country and hosts two proved undeveloped well locations in the Fusselman and one possible Canyon location.

 






  MENA News Headlines


 
Click to Apply






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help