DRILLING

VicPet spinning up drillbit

CASHED-up Victoria Petroleum is planning to participate in drilling up to 36 wells through 2008-09 in a bid to prove up additional oil and gas reserves and production.

This includes drilling over the next 12 months, 10 well in the Cooper Basin, South Australia and Queensland that are aimed at increasing oil production to 2000 barrels per day by the end of 2009. VicPet...

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