Exoma Energy Limited has completed an extensive review of the prospectivity of its five Galilee Basin ATP's which cover over 26,000 Km² of coal seam gas and shale gas acreage in central Queensland as it prepares for the first phase of its initial drilling program.

Brisbane based technical consulting group MBA Petroleum Consultants has been working with the Company to verify geological datasets, prepare regional maps and geological and geophysical interpretations as input to implementing the Company's work programs.

Exoma has also been carrying out a range of other exploration studies including Remote Sensing, basin structural analysis and special log analysis studies with a view to identifying structural trends, stress regimes, and permeability trends with potentially better than average coal seam gas characteristics.

Work completed to date has confirmed Exoma's belief that its coal seam gas areas alone could host well in excess of 20 Tcf of gas resource.

The Company has identified 5 initial drilling locations in highly prospective ATP 1008 in close proximity to the AGL/Eastern Corporation Rodney Creek and Glenaras pilot projects. A further firm 10 drilling locations in ATP's 991, 996, 999 and 1005 have also been selected. The Company also believes the magnitude of the resource is capable of underpinning future infrastructure and export facilities.

Tags: Exoma Energy Limited