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AUSTRALIA

Market awaits Backreef-1 news

OIL Basins has gone into a trading halt pending news from the production test on the potentially significant Backreef-1 well in Western Australia's Canning Basin.

Marija Stojkovic

The long-awaited production test began on May 20 on both the Gumhole and Yellow Drum formations in the well. Backreef-1 was drilled and suspended in October 2010 for future re-entry, stimulation and...

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