Announcement today. Ahead of schedule. Was originally going to start rig rolling and setup 5Jan and then spud 5 days later.
Rawson Resources Limited CSG Drilling Rrogram
Rawson Resources Limited (‘Rawson’, ASX code RAW) wishes to advise that it has been advised by the operator, TRUenergy (Qld) that the commencement of the first well of the five well Coal Seam Gas drilling (CSG) program is scheduled to spud on Wednesday 7th January 2009, subject to an inspection of the rig. The recent wet weather in the area has resulted in commencing the drilling at the WSNB-3 location rather than the proposed WSNB-1 location, as shown on the two maps below.
Further updates will be provided as they occur, together with a weekly drilling report.
Background: Rawson Resources Ltd is primarily an oil and natural gas exploration company in Australia with interests in the Otway, Surat, Cooper, Pedirka and Taranaki Basins. Rawson also has joint ventures for exploration for Coal Seam Gas in Australia and joint ventures for Uranium in the USA and Australia.
RAW Price at posting:
6.3¢ Sentiment: None Disclosure: Held