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Avery Resources Commences Wompi Block Drilling Program in Australia's Cooper Basin
Avery Resources Commences Wompi Block Drilling Program in Australia's Cooper Basin.
About this update from Bengal Energy Ltd.
[{"type":"text","content":"\n\n\n\nCALGARY, Jan. 11 /CNW/ - Avery Resources Inc. (TSX-V: ARY) (\"Avery\" or\n\"the Company\") today announced it has embarked on the first well of a three\nwell drilling program in the ATP 752P Wompi Block. Drilling of the\nMarracoonda-2 exploration well has commenced in the 236,700 acre Wompi Block,\nlocated in the Queensland sector of Australia's Cooper Basin. Avery has the\nright to earn up to 50 percent in the block.\n\n\nThe Australian operator, Bow Energy Limited, expects this multi zone\npotential well to be drilled to a depth of 1,900 meters. The well is expected\nto take approximately 16 days to drill and evaluate.\n\n\nAvery plans to drill the other two wells in the Wompi Block program,\nGamma-1 and Nora-1, immediately following Marracoonda-2. Gamma-1 will test a\nstructure that is located up-dip from two wells that had strong oil shows in\nmultiple horizons. Nora-1 will test a structure that is on trend with the\nadjacent Watson and Watson South oil fields that have produced more than three\nmillion barrels of oil to date.\n\n\nAbout Avery\n\n\nAvery Resources is an international hydrocarbon exploration and\nproduction company based in Calgary, Alberta. The Company is committed to\ngrowing shareholder value through international acquisitions and exploration\nin countries that provide significant exploration upside coupled with\nfavorable fiscal and legal systems. Avery's primary interest is in Australia,\nwhere the Company is building a significant presence through production,\npartnerships, drilling and acquisitions. Avery is focusing its current\ndrilling activity in the Cooper Basin region of Australia.\n\n\nDisclaimers\n\n\nExcept for statements of historical fact, all statements in this press\nrelease, without limitation, regarding new projects, acquisitions, and future\nplans and objectives are forward-looking statements which involve risks and\nuncertainties. There can be no assurance that such statements will prove to be\naccurate; actual results and future events could differ materially from those\nanticipated in such statements.\n\n\nThe TSX Venture Exchange does not accept responsibility for the adequacy\n\n\nor accuracy of this release.\n\n\n%SEDAR: 00003559E\n\n\n","length":2282,"tagName":"div"}]