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First Australian has minor shows in Texas

First Australian Resources has revealed minor hydrocarbon shows at the Evans-1 well located in th...

First Australian has minor shows in Texas

A pumping unit is to be installed on the well to conduct a 30-day test of the Upper Wilcox zone at 5,850ft after a recent completion attempt of this zone tested gas cut water and traces of oil. If commercial production is achieved the pump will remain on location.

Rainosek is a development project with the leasehold area covering around 632 acres, is covered by 3D seismic and includes the Rainosek-1, Rainosek-3 and Evans-1 wells and associated production equipment including tanks and pipelines.

FAR's working interest is 20%, with Texas-based Trio Operating Company assuming operating responsibilities.

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