Terra Nova Energy Ltd., the Operator of Petroleum Exploration License 444, is pleased to announce that the Eastern Well 101 Rig spudded the Baikal #1 at around 6.30 pm South Australian time on the 3rd of December 2015.
As at 8:00 pm South Australian time on 4th of December 2015, the well was at a depth of 629 meters and progressing well.
CEO of partner Holloman Energy, Mark Stevenson, commented,'We are pleased that the operations for the Baikal #1 have begun and we are looking forward to the findings. The reduction in the cost of drilling services has benefited this well and will benefit future wells.'
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Terra Nova Energy Ltd.
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