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Although holding only a minor interest in all of the wells the total potential recoverable hydrocarbons include 68mmbbl of oil and around 900bcf of gas from Western Australia, California and Louisiana.
The Palace Exp. SL 328-1 well in Louisiana will target 766bcf alone and will follow Muggles-1 with a spud date of July 31st. In September the company will participate in the Stokes Bay-1 well in WA’s Canning Basin while Joint Venture Partner Victoria Petroleum will spud Eagle-2 in the Californian Joaquin Basin at the same time.
FAR’s most recently completed well, the fracture stimulation of Terry Ewing-2 is currently undergoing a 30 day gas lift production test, producing 100mcfd.
