The permit was granted to Adelaide Energy in November 2007 and the rights above the Permian were subsequently farmed to Icon Energy Limited, Well Traced Pty. Ltd. and Deka Resources Pty. Ltd.Bounty farmed into the Well Traced/Deka (DRWT) interest and earned 5.5% by funding the DRWT share of the Wakefield 2D Seismic Survey in PEL 218. It will earn an additional 17.78% by funding the DRWT share of Wakefield 1 well to the top of the Permian at 2760 metres.
pel218, wakefield drill - daily update ..., page-10
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