"Orca Energy has reported that the Weatherford drill rig 826 is ready to drill Kingston Rule-1 in PEL 115, Cooper Basin.
Rig 826 has just drilled Skipton 1 in PEL516, with Senex Energy announcing a significant gas discovery.
Orca says PEL 115 is “significantly strategic” as it is surrounded by PEL 516, where Senex estimates there is more than 100 trillion cubic feet of gas in place from shales and coals alone."
Of course we also know that is wet gas in PEL 516. Perhaps we can hope for at least Moist?
OGY Price at posting:
3.5¢ Sentiment: Buy Disclosure: Held
