Nuenco claim 6% stake in oil project

West Perth based oil and gas explorer Nuenco has acquired a 5 per cent working interest in the Bullseye oil and gas prospect in South Louisiana.
Nuenco will pay 6.67 per cent of the costs for Jumonville #1, the first well in the prospect, which was spudded on April 28 and has a planned total depth of 14,200 feet.
The well is currently being operated by fellow West Perth based Golden Gate Petroleum, which has a 43.33 per cent share in the project.


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