Rodinia Oil Corp. Launches Drilling Operations in the Officer Basin, South Australia "Mulyawara 1"
09 Giugno 2011 - 3:00PM
Marketwired
Editors note: There are two photos associated with this press
release.
Rodinia Oil Corp. (TSX VENTURE: ROZ) ("Rodinia") is pleased to
announce that it has spudded its first well, "Mulyawara 1", in the
Officer Basin of South Australia.
Rodinia began drilling Mulyawara 1 on the morning of Thursday
June 9, 2011, Australian Central Standard Time. Rodinia has an 80%
working interest in this well and prospect, and is the operator.
Drilling of Mulyawara 1 is expected to take approximately six to
eight weeks to reach total depth after which prospective
hydrocarbon shows will be tested.
Mulyawara 1 is located in the northwest corner of PEL 253 in the
Officer Basin on a structure of approximately 36.3 square
kilometres (per horizon) in size as identified on seven separate
2-D seismic lines. It will be drilled vertically to an estimated
total drilling depth of 2,700 metres to test five prospective
reservoir horizons: Murnaroo, Talina, Mundallio, Emeroo and
Pindyin, the deepest of which is the aeolian Pindyin sandstone
(also called the sub-salt unit).
Rodinia's drilling contract with Ensign International Energy
Services includes four firm wells with the option for up to four
additional wells in the Officer Basin. Rodinia's second drilling
location, Kutjara 1, has recently been hi-graded and re-confirmed
by additional 2-D seismic lines. Kutjara 1 is located in the
west-central portion of PEL 253 approximately 35 kilometres
southeast of Mulyawara 1.
About Rodinia Oil Corp.
Rodinia is an international oil and gas exploration corporation.
The Common Shares and Warrants are listed for trading on the TSX
Venture Exchange under the symbols "ROZ" and "ROZ.WT" respectively.
Rodinia is engaged in the exploration, acquisition and development
of petroleum and natural gas assets in Australia's Officer Basin.
Founded in 2006, Rodinia has access to large tracts of exploratory
lands and is one of the first companies to undertake exploration in
the Officer Basin. Rodinia has offices in Calgary, Alberta and
Adelaide, South Australia.
Forward-Looking Statements
This press release may contain forward-looking information that
involves substantial known and unknown risks and uncertainties,
most of which are beyond the control of Rodinia, including, without
limitation, statements pertaining to Rodinia's drilling plans and
operations. All statements included herein, other than statements
of historical fact, are forward-looking information and such
information involves various risks and uncertainties. There can be
no assurance that such information will prove to be accurate, and
actual results and future events could differ materially from those
anticipated in such information. A description of assumptions used
to develop such forward-looking information and a description of
risk factors that may cause actual results to differ materially
from forward-looking information can be found in Rodinia's
disclosure documents on the SEDAR website at www.sedar.com. Any
forward-looking statements are made as of the date of this release
and, other than as required by applicable securities laws, Rodinia
does not assume any obligation to update or revise them to reflect
new events or circumstances.
To view the photos associated with this press release, please
visit the following links:
http://www.marketwire.com/library/20110608-RDN_fg1_800.jpg
http://www.marketwire.com/library/20110608-RDN_fg2_800.jpg
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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Contacts: Rodinia Oil Corp. Susan Showers Manager, Investor
Relations (403) 718-0366 or Toll Free: (877) 822-7280 (403)
718-3888 (FAX) info@rodiniaoil.com www.rodiniaoil.com For all Media
inquiries contact: Brookline Public Relations Shauna MacDonald
(403) 538-5645 smacdonald@brooklinepr.com
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