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.
Complete your details below to receive our twice-daily news emails and our BN Weekender.
© Business News 2017. You may share content using the tools provided but do not copy and redistribute.