Nexus continues Echuca Shoals appraisal

Oct. 3, 2007
Nexus Energy looks set to drill a second appraisal well in the Echuca Shoals structure in the WA-377-P exploration permit off Western Australia.

Offshore staff

MELBOURNE, Australia -- Nexus Energy looks set to drill a second appraisal well in the Echuca Shoals structure in the WA-377-P exploration permit off Western Australia.

Nexus is studying results of the recently completed Fossetmaker-1 appraisal well in hopes of turning the discovery into a potential LNG feeder.

"It is unfortunate that the Fossetmaker-1 well did not provide a more definitive result. However, we have confirmed the presence of sand continuity and potential of a deeper gas column from a very significant step out from the Echuca Shoals-1 discovery well," says Ian Tchacos, Nexus managing director.

10/3/2007