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Avery Resources Continues Wompi Block Drilling Program in Australia's Cooper Basin
Avery Resources Continues Wompi Block Drilling Program in Australia's Cooper Basin.
About this update from Bengal Energy Ltd.
[{"type":"text","content":"\n\n\n\nCALGARY, Feb. 12 /CNW/ - Avery Resources Inc. (TSX-V: ARY) (\"Avery\" or\n\"the Company\") today announced it has completed testing of the Maracoonda-2\nexploration well located in the Queensland sector of Australia's Cooper Basin.\nMarracoonda-2 is part of a three well exploration program on the 236,700 acre\nWompi Block. Based on an integrated review of wireline logs, drilling data and\nthe previously reported testing results, a decision has been made to plug and\nabandon the well.\n\n\nThe Australian operator, Bow Energy Limited, will move the rig\nimmediately to the Gamma-1 well location and drilling of Gamma-1 is expected\nto commence on or about Sunday, February 18. Gamma-1 is interpreted to be an\nupdip test of a well drilled by the previous operator, which had good oil\nshows in several zones. Immediately after Gamma-1 the operator plans to move\nthe rig to the Nora-1 well location, the last well in the Wompi Block program.\nFollowing drilling of Nora-1, Avery will have earned a 50 percent interest in\nthe block.\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 Except for statements of historical fact, all statements in\nthis press release, without limitation, regarding new projects, acquisitions,\nand future plans and objectives are forward-looking statements which involve\nrisks and uncertainties. There can be no assurance that such statements will\nprove to be accurate; actual results and future events could differ materially\nfrom those anticipated 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":2258,"tagName":"div"}]