silver marlin jv 5 blocks mentioned., page-2

Aussie player Eromanga Hydrocarbons said its partner Silver Marlin has moved a rig to onshore Block 138 in the Reconcavo basin in Brazil to spud the first of two wells.

The second well will be drilled on Block 59 in the same area.

Eromanga has farmed into a 50% stake in the joint venture with Silver Marlin in return for funding 70% of the cost of the first well to be sunk on each block.

The first well is expected to be spudded later this week, testing three targets below a depth of 2000 metres.

The joint venture holds a total of five blocks, on which it has shot 118 kilometres of 2D seismic.

Silver Marlin operates the venture with the remaining 50% stake.