View in Other Languages Asian Activities Report for October 6, 2011: Otis Energy Limited (ASX:OTE) Ready to Drill Avalanche Oil and Gas Project in US アジア市場活動レポート 2011年10月6日: オーティスエナジー(Otis Energy Limited)(ASX:OTE)は、米国Avalanche 石油・ガスプロジェクトで掘削準備を完了 2011年10月6日亚洲活动报告: Otis Energy Limited (ASX:OTE)在美国Avalanche油气项目的钻井准备工作已就绪 2011년 10월6일 아시아 현장보고서: Otis Energy Limited (ASX:OTE), 미국 Avalanche 석유오일 프로젝트 시추착수 준비완료 2011年10月6日亞洲活動報告: Otis Energy Limited (ASX:OTE)在美國Avalanche油氣項目的鑽井準備工作已就緒 
Asian Activities Report for October 6, 2011: Otis Energy Limited (ASX:OTE) Ready to Drill Avalanche Oil and Gas Project in US
Asian Activities Report for October 6, 2011: Otis Energy Limited (ASX:OTE) Ready to Drill Avalanche Oil and Gas Project in US

Sydney, Oct 6, 2011 AEST (ABN Newswire) - Otis Energy Limited (googlechartASX:OTE) says that drilling preparations are now almost complete at its Avalanche project in Louisiana, USA. A Rig will be mobilised to site on October 10th and drilling is expected to take 50-60 days to reach the target depth after spudding. The Avalanche project has a reserve potential of 126 million barrels of oil and 379 billion cubic feet of gas.

Mako Energy Limited (googlechartASX:MKE) advises that the well MKE 102 HZ Provost 14-2-40-4 successfully reached its targeted total depth on 27 September 2011, and is currently undergoing reservoir evaluation. Oil production is anticipated within 10 days.

Aura Energy Limited (googlechartASX:AEE) has commenced drilling at its 100%-owned Motala shale gas project in south-central Sweden. Aura remains strategically focused on it two key uranium projects, Häggån in Sweden and Reguibat in Mauritania. However increased interest in Europe in shale gas sources has led the Company to review the shale gas potential on its project.

Potash West NL (googlechartASX:PWN) has commenced an extensive potassium extraction programme to test samples taken from its world class glauconite deposits in the Dandaragan Trough, Western Australia. Potassium extraction of over 95% has been achieved by leaching of glauconite concentrate, and almost all of the potassium can be extracted rapidly. The Company's extensive glauconite deposits have potential to develop a new industry that would reduce Australia's reliance on potash imports.

Contact

Asia Business News
Tel: +61-2-9247-4344
http://www.abnnewswire.net


ABN Newswire
ABN Newswire This Page Viewed:  (Last 7 Days: 16) (Last 30 Days: 99) (Since Published: 15533) 

View in Other Languages 1553311422110361079510478 (59264)

googlechart