Victoria Petroleum NL (ASX:VPE) (PINK:VPEMY) (Vicpet) has been advised by QGC - a BG Group business (QGC), the Operator for PL 171, that the Alex-5 Coal Seam Gas (CSG) exploration well has flowed gas to surface during Drill Stem Testing (DST).
WestSide Corporation Limited (ASX:WCL) and Meridian SeamGas joint venture partner Mitsui E&P Australia Pty Ltd (MEPAU) have begun rolling out the A$14.5 million first stage of a field development program to lift production and expand reserves.
WestSide Corporation Ltd (ASX:WCL) has now completed drilling three new appraisal wells at its Paranui CSG pilot in ATP 769P near Moura in Queensland's Bowen Basin. The Paranui #13 well is the last of the three appraisal wells which will aim to test gas and water flow rates from the Baralaba coal seams.
WestSide Corporation Limited (ASX:WCL) has secured a significant foothold in Queensland's coal-rich Galilee Basin with the Queensland Government formally granting two petroleum exploration tenements.
Shares in Dart Energy Ltd (ASX:DTE) are scheduled to commence trading Thursday on a deferred settlement basis on ASX, with up to 367 million shares on issue.
Santos (ASX:STO) shares on Monday defied the market sell-off after the company said it had executed a A$2 billion bilateral bank loan facility. The new facility will be used to refinance its existing A$700 million of undrawn bilateral bank facilities that mature between 2011 and 2013 and to increase liquidity.
Leading dedicated Coal Seam Gas (CSG) producer WestSide Corporation Ltd (ASX:WCL) has appointed a new Chief Executive Officer following the completion of its major Bowen Basin joint venture acquisition.
