The company has announced the successful drilling and testing of the Jacana 4 development well in the Jacana oilfield.
Exploration - 25 July 2016
LWP will receive an initial payment of US$900 000, with the remaining US$5.1 million invested in a sharing agreement to be received over the next 18 months.
The new acquisition programme is an outboard extension of Spectrum’s 2012 Santos Campos Phase 1 survey.
Falcon Oil & Gas Ltd. has announced the successful re-entry and casing of Amungee NW-1H horizontal well and the spudding of the Beetaloo W-1 vertical well in the Beetaloo Basin, Australia.