Senex have until Tuesday to drill, or commence drilling in the Cooper Basin. See paragraph from Tellus website below
Tellus holds a 50% interest in what was previously PEL105 (see below) in the highly prospective Cooper Basin in South Australia. The other 50% interest is held by Senex Energy Ltd.(SXY). As part of a farmin agreement Senex Energy Ltd has a contractual obligation to drill a well in PEL 105 on or before 30 September 2014. This well will be drilled totally at Senex Energy Ltd's expense and risk. The 50% interest held by Tellus will then reduce to 30% and Senex's interest will increase to 70%.
Hopefully get some news on this tomorrow. Could have this and the CMP drilling at the same time??
cheers
doyle
Senex have until Tuesday to drill, or commence drilling in the...
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