Aussie JV spuds maiden California well

CALIFORNIA partners Sunset Energy and Solimar Energy have started drilling the first well at their Maricopa oil project in the petrolific San Joaquin Basin.
Aussie JV spuds maiden California well Aussie JV spuds maiden California well Aussie JV spuds maiden California well Aussie JV spuds maiden California well Aussie JV spuds maiden California well

With a total planned depth of 3600 feet, the Wellington Maricopa-6 well is targeting the Contact Sands, which is known to be oil-bearing in this region.

If the first one proves successful, the partners plan to drill another well at the project, Maricopa-7.

Sunset, which listed on the Australian Securities Exchange in November, is farming-in to earn a 50% interest in Solimar's Maricopa and Deer Creek prospects.

The Deer Creek Prospect is in the southeastern San Joaquin Basin, while the Maricopa prospect is within the Midway-Sunset oil field - one of the largest producers in California with 11,000 wells and 2.8 billion barrels of production to date.

The San Joaquin Basin, one of the major structural features of California, lies between the Coast Ranges and the Sierra Nevada.

The basin's complex geologic history has resulted in the generation and entrapment of several tens of billions of barrels of oil.

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