DRILLING

Transerv secures funds for seismic, drilling

TRANSERV Energy is pushing ahead to drill and test the Warro-4 well and shoot 100 square kilometres of 3D seismic over the Warro project area in the Perth Basin after Alcoa of Australia approved funding of up to $22 million.

The seismic program is expected to start in February with Transerv finalising a contract with Terrex for the acquisition while the spud of Warro-4 by Weatherford Drilling's Rig 826 is expected in April....

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