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NORTH AMERICA

Helios spuds first well

NEWLY-minted oiler New Horizon Coal has wasted no time getting down to the business of finding oil, spudding the first well the Presidio oil project just two weeks after successfully purchasing entry to two projects in the US.

Haydn Black
Helios spuds first well

NHC, which will be renamed Helios Energy, said the Quinn Creek-141 well was being drilled to a depth of some 2000m and would take about 10 days to reach its targets.   The 6280 net acre Presidio project...

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