Printer Friendly

HADSON ENERGY RESOURCES TESTS OIL OFFSHORE WESTERN AUSTRALIA

 OKLAHOMA CITY, May 27 /PRNewswire/ -- Hadson Energy Resources Corporation (AMEX: HDX) today announced that its subsidiary Hadson Pacific Pty. Ltd. was a participant in a new wildcat discovery in exploration permit WA-225-P located in the Beagle Sub-basin, offshore Western Australia. The Nebo-1 exploration well, operated by KUFPEC Australia Pty. Ltd., tested 42 degree API oil at a stabilized flow rate of 1,840 barrels per day through a 1/2-inch choke. The oil was tested from a 12 foot Jurassic sandstone interval at a depth of 8,742 feet.
 The Nebo-1 well is situated approximately 100 miles offshore and is the first well to test oil from this relatively unexplored north easterly extension of the Carnarvon Basin. Although the test well has been plugged and abandoned, evaluation of the Nebo structure will continue. Participants in permit WA-225-P are KUFPEC Australia Pty. Ltd., 33-1/3 percent; Mobil Exploration and Producing Pty. Ltd. 51-2/3 percent; and Hadson Pacific Pty. Ltd., 15 percent.
 Hadson Energy Resources Corporation is an energy company engaged in domestic and international crude oil and natural gas acquisition, exploration, development and production.
 -0- 5/27/93
 /CONTACT: William C. Rankin, senior vice president and chief financial officer of Hadson Energy Resources Corporation, 405-235-9531; or Warren C. Shimmerlik of Shimmerlik Corporate Communications, Inc., 212-247-5200, for Hadson Energy Resources/
 (HDX)


CO: Hadson Energy Resources Corporation ST: Oklahoma IN: OIL SU:

WB -- NY030 -- 2844 05/27/93 10:06 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:May 27, 1993
Words:239
Previous Article:PROVIDENT BANK'S (OHIO) SHORT-TERM BANK NOTES RATED 'F-2' BY FITCH -- FITCH FINANCIAL WIRE --
Next Article:EXXON TO ACCEPT INTERLINK CARDS AT ITS RETAIL STORES NATIONWIDE
Topics:


Related Articles
HADSON ENERGY RESOURCES ANNOUNCES FIRST QUARTER EARNINGS AND CASH FLOWS
HADSON ENERGY RESOURCES TO OPERATE AUSTRALIAN EXPLORATION PERMIT, LISTS ON AMEX
HADSON ENERGY RESOURCES CORPORATION ANNOUNCES FIRST QUARTER RESULTS; EARNINGS AND CASH FLOWS COMPARABLE TO 1992 LEVELS
HADSON ENERGY RESOURCES CORPORATION ANNOUNCES GAS CURTAILMENT
APACHE TO ACQUIRE A MAJORITY INTEREST IN HADSON ENERGY RESOURCES FOR APPROXIMATELY $60 MILLION
HADSON ENERGY RESOURCES CORPORATION ANNOUNCES SECOND QUARTER RESULTS; EARNINGS AND CASH FLOWS IMPACTED BY PROPOSED COMBINATION
APACHE EXPECTS NON-CASH CHARGES IN THIRD QU ? HOUSTON, Sept. 20 /P RNewswire/ -- The Omnibus Budget Reconciliation Act of 1993 increased corporate...
SPIDER DRILLING UNSUCCESSFUL
Apache Announces 1,595 BBL/Day Oil Discovery Offshore Northwest Australia.
AEC announces Australian oil discovery.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters