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Friday, November 21, 2014 12:45:10 PM
"We are pleased that we have identified eight drilling locations following the ranking and risking of multiple targets in the Birkhead, Namur and Hutton areas" said Terra Nova Energy CEO and Chairman Henry Aldorf. "We are fortunate to own acreage in the Cooper/Eromanga Basins, where oil production costs have been low compared to other parts of the world, offering a significant advantage at today's oil prices. We are looking forward to the upcoming drilling campaign."
Terra Nova has also commenced the reprocessing of PEL 112's Mulka 3D seismic survey by employing similar techniques that were used in the seismic reprocessing of PEL 444.
Terra Nova will release further updates in due course.
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