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Holloman Energy Corporation reported that the Eastern Well 101 Rig spudded the Baikal #1 well at 6:30pm South Australian time on the 3rd of December 2015.
At 8:00pm South Australian time on the 4th of December 2015, the well was drilled to a depth of 629 meters and was progressing well.
The Company's CEO Mark Stevenson commented, "We are pleased that the operations for the Baikal #1 have begun and we are looking forward to the findings. The reduction in the cost of drilling services has benefited this well and will benefit future wells."
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