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Terra Nova to Drill Test Well for PEL 444 Prospect
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Terra Nova Energy Ltd. has announced that Senex Energy Ltd. has been selected to drill the Baikal #1 well on Petroleum Exploration License (PEL) 444 on behalf of the Joint Venture.
Terra Nova, as operator, obtained a competitive rate by leveraging Senex's current drilling program in this region. Senex currently operates a large acreage position in the Cooper-Eromanga Basins and has completed several successful drilling programs that have led to new oil discoveries within those basins.
Henry Aldorf, Terra Nova's President and CEO, stated: "We are pleased to work with Senex Energy. Senex's nearby exploration experience at the Snatcher oil field, which is geologically similar to our acreage in PEL 444, will be a great asset for the Company. We are looking forward to drilling the Baikal #1…
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