Amadeus has purchased a 28.125% working interest (21.09375% NRI) in the Halletsville East project, which consists of 500 acres of leasehold.
The partners will drill an 11,300 foot exploratory well called the Trio Neuhaus-1 in May to evaluate the Navarro and Midcox potential. Dry hole costs are expected to be $US1.3 million (100%).
At the Erhard-Peterson project, Amadeus has purchased a 37.5% working interest (28.125% NRI). This project covers 300 acres of leasehold. The joint venture plans to drill a 10,400 foot exploratory well to evaluate the Wilcox and Midcox potential, called the Trio Erhard-1.
Amadeus said it would be the largest working interest owner, in keeping with its intention to expand its exposure to exploration drilling, in tandem with an ongoing effort to acquire producing properties with exploration and development potential.
The operator on these projects will be Trio Consulting and Management LLC, Wichita Falls, Texas.
"The projects represent a further step in the company’s policy of directing a portion of net cash flow to potential high return exploration projects in the USA," Amadeus said.
"This program is an expansion of the success that the
company has achieved in its wildcat exploration drilling programs in the Halletsville South Project Area. To date, four out of five wells have been successfully drilled in this area of interest."

